The launching of crypto and blockchain companies in 2017 more than doubled compared to 2016. However, 2018 has witnessed a completely different situation.
A downturn in crypto projects and the bearish crypto market that has been lasting for almost a year gave way to the acquisition of innovative crypto startups by individuals and companies with good liquidity.
In fact, mergers and acquisitions (M&A) increased by 200 percent this year in the crypto industry. Data from JMP Securities and Pitchbook shows that 115 M&A deals were announced in 2018 — and the year is not over yet — compared to the only 47 M&A deals concluded in 2017.
Some of the most emblematic agreements achieved this year: Coinbase acquired Earn.com and Paradex, Circle acquired Poloniex and Consensys acquired Planetary Resources.
However this news does not end here: experts estimate that the M&A trend may continue — or even accelerate — in the industry in 2019. Will it?
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