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PwC Report Points to Banner Year for Crypto M&A and Fundraising Deals
Summary: COVID has not slowed crypto M&A. The value of industry acquisitions in the first half of 2020 has already surpassed that of full year 2019, according to a latest report released by PricewaterhouseCoopers (PwC). Around $597 million was spent in 60 deals in the first half of 2020, compared to $481 million spent in all ...
COVID has not slowed crypto M&A. The value of industry acquisitions in the first half of 2020 has already surpassed that of full year 2019, according to a latest report released by PricewaterhouseCoopers (PwC).
Around $597 million was spent in 60 deals in the first half of 2020, compared to $481 million spent in all of 2019 for 125 deals, according to data that PwC aggregated from M&A data firms MergerMarket, Capital IQ, Crunchbase and Pitchbook.
That said, the acquisition of CoinMarketCap by Binance for a reported $400 million was one of the largest buys ever recorded in the industry.
The acquisitions for the first half of this year were driven by an increase in transactions involving crypto exchanges and trading infrastructure, and native crypto companies continue to be the most active purchasers in the space.
By Amy Liu
Tags: Crypto,Exchanges,MA
Link: PwC Report Points to Banner Year for Crypto M&A and Fundraising Deals [Copy]
