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   499

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.

Binance DEX to Launch Trading

Mithril is the first asset, that is trading on new platform; also, the exchange presented the listing rules for assets
25 April 2019   69

Binance DEX announced the start of trading in the Mithril token (MITH) together with Binance Coin (BNB). This is the first asset in the listing site.

At the same time, the exchange presented the listing rules for assets. So, anyone can release a token on the Binance Chain, but listing it to the marketplace takes place in several stages.

First of all, the issuer must place a listing application on the Binance Chain community forum, providing answers to a number of questions relating to the innovativeness of the project, its scope and other characteristics.

After that, the issuer must make a deposit in the amount of 1,000 BNB within two days, which will be returned later. Note that the listing of an asset on Binance DEX must be approved by at least half of the validators.