Crypto Boom: Ecosystem Deals Hit a Record $9 Billion in 2025
In total, 267 transactions were completed, including acquisitions, strategic investments, and mergers.
Quick overview
- The cryptocurrency industry saw a record $8.6 billion in mergers and acquisitions in 2025, marking a significant increase from the previous year.
- A total of 267 transactions were completed, indicating the growing maturity of the crypto sector.
- The surge in deal activity is attributed to a clearer regulatory environment, particularly under the Trump administration.
- Notable acquisitions included Coinbase's purchase of Deribit for $2.9 billion, the largest merger in crypto history.
A total of 267 transactions were completed, including acquisitions, underscoring the growing maturity of the crypto sector.
The cryptocurrency industry experienced a historic year for mergers and acquisitions in 2025, with deal activity reaching a record $8.6 billion. This level of activity—far exceeding that of 2024—reflects a much more favorable environment for the sector and growing confidence among investors and financial institutions in digital assets.
According to a report by the Financial Times, total deal value in the sector through late December surged well beyond the $2.17 billion recorded the previous year, marking growth of nearly 300%.
In total, 267 transactions were completed, including acquisitions, strategic investments, and mergers. This not only represents a nominal record, but also signals the increasing maturity of the cryptocurrency ecosystem.
What’s behind the surge in crypto deals?
Much of the momentum stems from a clearer and more supportive regulatory environment, particularly in the United States.
The administration under President Donald Trump adopted a more permissive stance toward cryptocurrencies, scaling back legal actions and promoting policies that restored confidence among traditional markets and institutional investors—many of whom had previously stayed on the sidelines due to regulatory uncertainty.
Several blockbuster deals stood out in 2025:
- Coinbase completed the largest acquisition of the year, purchasing derivatives platform Deribit for approximately $2.9 billion, the biggest merger ever recorded in the crypto sector.
- Kraken, another major exchange, acquired futures broker NinjaTrader for $1.5 billion.
- Ripple finalized the purchase of institutional broker Hidden Road for $1.25 billion, strengthening its foothold in traditional financial markets.
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