Crypto company Ctrl Wallet is up for sale, bidding deadline is end of month

PANews January 17 news, according to CoinDesk, Emile Dubie, CEO and founder of multi-chain self-hosted wallet solution Ctrl Wallet, said in an interview that the company is for sale. The sale process was completed after the company received the request at the end of last year. Launched after two merger proposals. The wallet provider (formerly XDEFI) received an acquisition offer from a crypto protocol, as well as a proposal to merge with a large decentralized exchange (DEX). Dubie added that the company subsequently hired investment bankers to organize the sale process and was advised by Imperii Partners. The auction process is ongoing, with bidding closing on January 28 and the winning bidder expected to be announced on January 31.

Dubie said that Ctrl Wallet currently has 650,000 users and aims to exceed 2 million users by the end of the year. The company’s main competitors are Coinbase Wallet, Binance’s Trust Wallet and OKX’s Wallet. Dubie said that in order to compete with these larger players, the company needs a partner, someone who can invest in the business. The company raised funding in 2021 at a $60 million valuation.