According to Forbes, in 2018 in the cryptoindustry there were mergers and acquisitions (M & A) totaling $ 559 million.
Last year’s largest transactions were the acquisition of Poloniex for $ 400 million by the Circle, as well as the Coinbase purchase of the Earn project for $ 120 million. In addition, the largest cryptocurrency company in the United States acquired the Blockseer analytical service for $ 14.8 million and paid $ 14.7 million Node40, specializing on accounting and tax blockchain solutions.
A total of 54 mergers and acquisitions took place in the crypto industry in 2018. This is 170% more than the year before (in 2017, 20 M&A transactions were closed). According to the Pitchbook, for the entire existence of the cryptocurrency sphere, the total amount of M&A transactions exceeded $ 1.1 billion. Thus, most of them occurred last year.
Kraken recently acquired the Crypto Facilities, a UK cryptoderivatives platform.