Cryptocurrency mergers and acquisitions explode in 2025, surpassing $8.6 billion
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The cryptocurrency market may be going through a tough time, but transactions in this sector are not slowing down. This year, mergers and acquisitions have skyrocketed, demonstrating that companies are leaving behind short-term trends to focus on building stronger long-term operations.
In brief
Cryptocurrency mergers and acquisitions reached $8.6 billion in 133 deals in 2025, surpassing the totals of the previous four years combined.
Architect Partners estimates that the actual value of the transactions could be even higher, reaching $12.9 billion, representing a marked increase from last year's $2.8 billion.
Coinbase led the activity with six acquisitions, including the purchase of Deribit for $2.9 billion and other transactions that expanded its ecosystem.
Increase in cryptocurrency mergers and acquisitions
This year has seen an unprecedented wave of mergers and acquisitions, with deals exceeding $8.6 billion in 133 transactions in November. Favorable political conditions have fueled momentum in the cryptocurrency sector, allowing large companies to continue expanding even in a slowing market.
The figures shared by PitchBook show that the value of transactions in 2025 has already surpassed the total of the last four years combined. Architect Partners, using its own valuation methods, raises the figure even further to $12.9 billion, a significant increase from last year's $2.8 billion.
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