Data: Crypto industry M&A transactions reached a record $8.6 billion in 2025.

According to data from Odaily Planet Daily, the cryptocurrency industry saw a record $8.6 billion in M&A deals in 2025, a significant increase from $2.17 billion the previous year. The largest deal this year was Coinbase's $2.9 billion acquisition of crypto derivatives platform Deribit. Other major acquisitions included Kraken's $1.5 billion acquisition of NinjaTrader and Ripple's $1.25 billion acquisition of Hidden Road. Analysts believe that with new compliance rules coming into effect globally, including those surrounding stablecoins and the EU's MiCA framework, financial institutions are acquiring licensed companies to accelerate their entry into the cryptocurrency market. (Financial Times)