Crypto M&A Heats Up as Big Banks and Fintechs Race to Scale: Citizens
The race to acquire blockchain infrastructure is picking up speed, according to U.S. bank Citizens.
Citizens said it expects the pace of mergers and acquisitions across digital assets to accelerate from here in a new research report.
The analysts noted that the digital-asset industry’s technical complexity, talent shortages, and stringent compliance demands make acquisitions the most practical path for incumbents. Meanwhile, digital-native companies gain scale, customer reach, and regulatory credibility by joining larger financial networks.
Mastercard (MA) is in advanced talks to buy ZeroHash for as much as $2 billion and that Coinbase (COIN) is nearing a similar-sized deal for London-based BVNK, according to reports, highlighting how…
