Data: This year, the total amount of mergers and acquisitions in the cryptocurrency industry has exceeded 8.6 billion dollars, setting a new historical record

According to Bloomberg, PitchBook data shows that thanks to the favorable cryptocurrency policies in the United States, as of November 20, the total merger and acquisition (M&A) transactions of major cryptocurrency companies this year have exceeded $8.6 billion, setting a new historical high and surpassing the total of the previous four years.

Data from cryptocurrency consulting firm Architect Partners, which used a different approach, also confirms this trend. The firm found that the relevant transaction volume has reached $12.9 billion so far this year, a significant increase from last year's $2.8 billion. PitchBook analyst Ben Riccio stated, "In 2025, major cryptocurrency companies are more willing to acquire, driven by interest rate cuts, clearer regulatory policies, and the cryptocurrency bull market at the beginning of the year, prompting them to enter a growth mode."

The substantial trading activities driven by companies like Coinbase, Kraken, and Ripple Labs have concentrated a large number of M&A activities before the sell-off wave in October. Major acquisitions this year include: Coinbase acquiring the options exchange Deribit for $2.9 billion, Kraken acquiring the retail futures platform NinjaTrader for $1.5 billion, and Ripple acquiring the prime broker Hidden Road for $1.25 billion. These transactions are expected to push the M&A scale in 2025 far beyond the record set in 2021.