BlockBeats News, December 24th, according to the Financial Times, in 2025, the cryptocurrency sector's M&A transaction volume hit a record high of $8.6 billion. With the U.S. government's increasingly open attitude towards digital assets, it has triggered a wave of mergers and acquisitions, and the market generally expects this trend to continue into next year.The continued influx of global capital is largely due to the push by the Trump administration. This year, the government prioritized cryptocurrency as a national agenda, providing strong support for the industry through the appointment of industry-friendly regulators, dismissal of multiple lawsuits against digital asset companies, and the initiation of a national cryptocurrency reserve. CMS partner Charles Kerrigan and other industry insiders expect that with the implementation of new crypto regulations in the U.S., more traditional financial institutions will enter the field, driving cryptocurrency companies to further consolidate their market position through M&A.So far this year, the crypto industry has completed a total of 267 transactions, an 18% increase from 2024. The total value of these transactions reached $8.6 billion, nearly four times the amount in 2024 ($2.17 billion). Among them, Coinbase completed the largest acquisition of 2025, acquiring derivatives trading platform Deribit for $2.9 billion, also the largest M&A deal in crypto industry history. In addition, Kraken acquired U.S. retail futures trading platform NinjaTrader for $1.5 billion, and payment company Ripple acquired crypto prime broker Hidden Road for $1.25 billion.

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