Jan 18 (Reuters) – Cryptocurrency outlet CoinDesk is exploring potential options for selling off either all or part of its business, with investment bank Lazard Ltd (LAZ.N) assisting with the process, according to CEO Kevin Worth’s statement to media on Wednesday.

The crypto industry is going through a turbulent period, with major token prices being at their lowest level in two years and several major players filing for bankruptcy.

“My goal in hiring Lazard is to look into different routes to bring growth capital to CoinDesk’s operations, which could include a partial or full sale,” said Worth.

The industry’s crisis began with the fall of TerraUSD and other stablecoins shortly after their launch in January 2008.

The latest bankruptcy filings were made by major cryptocurrency exchange FTX, which was still publicly traded Coinbase Global Inc at the time, and COIN.O, which had to lay off a fifth of its workforce following the loss of 1,000 jobs.

CoinDesk was established in 2013 to track Bitcoin and other cryptocurrencies. It is now a major source of news and price benchmarks.

The company is wholly-owned by VC firm Digital Currency Group, which holds an interest in Coinbase. According to its website.

Reporting By Yuvraj Malik In Bangalore; Edited By Subhranshu Sahu

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