Crypto M&As set to soar as ’100 billion pound gorilla’ crypto firms enter the fray – DL News
- Coinbase acquired Echo this week.
- But industry insiders expect more M&As to follow in the crypto space.
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Coinbase buying early–stage crypto investing platform Echo for $375 million this week highlights two things: first, the competition is heating up. Second, the number of mergers and acquisitions in the space is about to skyrocket.
That’s according to Wyatt Lonergan, general partner at VanEck Ventures, who told DL News that crypto startups no longer just compete within the “pretty small space” of digital assets firms, but now also against financial multi-billion-dollar behemoths.
Competing in a small space is “a lot…
