Coinbase, Binance, and Kraken Lead in Blockchain Merger & Acquisition Deals

Deprecated: mb_convert_encoding(): Handling HTML entities via mbstring is deprecated; use htmlspecialchars, htmlentities, or mb_encode_numericentity/mb_decode_numericentity instead in /var/www/nairametrics/wp-content/themes/nairametrics/functions.php on line 104

Since the creation of the crypto industry, a total of 129 merger and acquisition (M&A) transactions have been carried out within the blockchain industry, with a reported total value estimated at $2.6 billion.

Trading Products & Exchanges made up approximately 48% of the total reported value of M&A deals and 23% of all deals.

READ MORE: Farmcrowdy acquires Best Foods to explore meat market 

Coinbase, Binance, and Kraken have the most active firms in acquisitions, boasting of at least 10 merger & acquisition transactions.

Excluding the three exchanges above, nine out of the 12 remaining blockchain firms participated in two transactions each, according to a June 2020 research analysis report carried out by The Block’s John Dantoni.

Perform advanced financial calculations on Nairamterics

In addition, data seen from Chainalysis, a leading crypto data analytic firm, revealed that the four biggest crypto exchanges since 2018 – Coinbase, Binance, Huobi, and Bitfinex – received about 40% of all BTCs via exchanges this year.

The next ten crypto exchanges collected 36% in a combined volume of BTCs leaving other smaller exchanges to share out the remaining 24% of transfer volumes.

Quick facts about crypto exchanges: Crypto exchanges facilitate the exchange of one crypto asset or digital coin to another. In crypto terms, they enable the buying and selling of cryptocurrencies, and also the exchange of fiat currencies into crypto-currencies.

Trusted brands in the crypto exchange business include Gemini, Binance, Coinbase, FTX, Bitstamp, and Liquid.