The crypto sector saw a record $8.6 billion in deals in 2025, boosted by the crypto-friendly Trump administration. Coinbase’s $2.9 billion acquisition of Deribit was the largest deal, followed by Kraken’s $1.5 billion purchase of NinjaTrader and Ripple’s $1.25 billion deal for Hidden Road.

Crypto IPOs raised $14.6 billion globally in 2025, a significant increase from last year. Bullish, Circle Internet Group, and Gemini were among the top IPOs, with Bullish executives ringing the opening bell at the NYSE debut. Stablecoin companies remain in demand due to new regulatory regimes.

Traditional finance and crypto firms are actively acquiring companies for licenses, especially those aligned with the EU’s MiCA laws. Stablecoin companies are expected to remain in demand in 2026 as new regulatory frameworks are established in the US and UK. Laws in the US are predicted to drive more traditional finance involvement in the crypto industry.

The surge in crypto deals coincided with a market cooling period in late 2025, with Bitcoin dropping over 30% from its peak. Bitcoin is currently trading just below $88,000, up from a low of nearly $86,500. Despite market fluctuations, the outlook for crypto deals and acquisitions remains positive.

Source: https://www.ft.com/content/b4d5e238-c34a-4602-91d0-4c7300b0006f

Read more at Cointelegraph: Crypto Deals Soared to $8.6B in 2025: FT