Crypto M&A deals hit an all-time high in 2025, blowing past $8.6B — TradingView News
Crypto merger and acquisition (M&A) activity in 2025 reached $8.6 billion as of November, with companies closing a record 133 deals, marking an all-time high in both deal count and total value.
The total dollar amount of business deals exceeded the combined total of the previous four years, according to Bloomberg, citing Pitchbook data.
Coinbase led the M&A activity, with six acquisition deals completed in 2025, including the $2.9 billion purchase of Deribit, one of the largest crypto derivatives marketplaces.
Other Coinbase deals included the purchase of blockchain-based advertising platform Spindl, the acquisition of the Roam web browser team, the onchain capital raising platform Echo, as well as the purchase of Vector.Fun, a memecoin…
