Crypto M&A hits record $8.6 billion in 2025 as Trump’s regulatory stance spurs deals
The crypto industry is closing out the year with a record $8.6 billion in mergers and acquisitions, according to the FT, up sharply from $2.17 billion the year prior.
The deal surge comes amid a major policy shift in Washington, where the Trump administration has backed the sector with a string of regulatory developments that include the GENIUS Act, which created a federal framework for stablecoins and paved the way for institutions to settle tokenized assets.
The White House support helped drive 267 deals, an 18% jump from 2024, the story continued.
The largest deal of the year was Coinbase’s $2.9 billion acquisition of crypto derivatives platform Deribit, marking the biggest M&A move in the sector’s history.
Kraken’s $1.5 billion…
