In 2025, a total of 267 cryptocurrency mergers and acquisitions were completed, with a total amount of 8.6 billion dollars

According to the Financial Times, the global cryptocurrency industry completed a total of 267 merger and acquisition transactions in 2025, amounting to $8.6 billion, nearly quadrupling from 2024 and setting a new historical record.

The Trump administration listed cryptocurrency as a national priority, promoting regulatory easing, lawsuit dismissals, and the establishment of a national cryptocurrency reserve, which helped drive capital inflow. Coinbase spent $2.9 billion to acquire Deribit, making it the largest deal of the year, while Kraken and Ripple acquired NinjaTrader and Hidden Road, respectively. Throughout the year, 11 cryptocurrency companies raised a total of $14.6 billion through IPOs. It is expected that the M&A boom will continue in 2026 due to compliance pressures and the implementation of stablecoin regulations.