ChainCatcher news, according to the Financial Times, the global cryptocurrency industry completed 267 merger and acquisition transactions in 2025, totaling 8.6 billion USD, nearly quadrupling compared to 2024, setting a new historical high.

The Trump administration has made cryptocurrency a national priority, promoting regulatory relaxation, withdrawal of lawsuits, and establishment of a national cryptocurrency reserve, driving capital influx. Coinbase spent 2.9 billion USD to acquire Deribit, the largest transaction of the year, while Kraken and Ripple acquired NinjaTrader and Hidden Road respectively. Throughout the year, 11 cryptocurrency companies raised a total of 14.6 billion USD through IPOs. It is expected that the merger and acquisition boom in 2026 will continue due to compliance pressures and the implementation of stablecoin regulations.