2018 was a record number of mergers and acquisitions in the cryptoindustry

According to Forbes , in 2018 in the cryptoindustry there were mergers and acquisitions (M & A) totaling $ 559 million.

Last year’s biggest deals were the acquisition by Polcle of the Circle Stock Exchange for $ 400 million , and Coarnbase’s acquisition 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 the Node40 firm specializing in blockchain solutions for accounting and tax accounting for $ 14.7 million.

A total of 54 mergers and acquisitions took place in the cryptoindustry 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.

Recall that Kraken recently acquired the Crypto Facilities, a UK cryptoderivatives platform.

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