Crypto M&A Deals to Set Record in 2018

Last year’s largest transactions were the acquisition of Poloniex for $ 400 million by the Circle; 2018 M&As totaled for $559M
14 February 2019   163

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.

Poloniex to Suspend Operations for Few Hours

Representatives of the exchange say users' funds will be completely safe during maintenance
21 February 2019   83

The cryptocurrency exchange Poloniex has announced maintenance, which will begin on February 22 at 22 UTC. The trading platform will be unavailable for several hours.

Representatives of the exchange claim that the users' funds will be completely safe. Technical work associated with the modernization and transition "to the best data centers, which will increase the reliability of the platform and increase uptime."

Also in Poloniex noted that the trade orders of users will not be canceled.

Recall, recently Poloniex has added to the listing of privacy-oriented cryptocurrency Grin.