Deep Tide TechFlow News, December 24, according to the Financial Times in the UK, the cryptocurrency industry is expected to reach a record $8.6 billion in merger and acquisition transactions by 2025, a significant increase from $2.17 billion the previous year. The largest transaction this year is Coinbase's $2.9 billion acquisition of the cryptocurrency derivatives platform Deribit. Other major M&A transactions include Kraken's $1.5 billion acquisition of NinjaTrader and Ripple's $1.25 billion acquisition of Hidden Road. Analysts believe that as new compliance rules come into effect globally, including those surrounding stablecoins and the EU MiCA framework, financial institutions are acquiring companies with approved licenses to accelerate their entry into the cryptocurrency market.