The State of Crypto M&A 2021

Wednesday, May 26, 2021

This is our third landmark publication about M&A activity in the cryptocurrency sector.  TL;DR: Crypto M&A activity points at an industry that is in a much better state than the 2017-18 cycle. If you want to keep a firm handle on what is moving the crypto industry then keep reading…


Wednesday, February 3, 2021

“The Times 03/Jan/2009 Chancellor on brink of second bailout for banks” With this headline in 2009, Satoshi kicked off a conversation about the nature of money. Because few people – ourselves included – have the mental fortitude to dig into money supply dynamics, the impact of crypto is distilled to…

Crypto M&A: 1H20 Update

Wednesday, August 19, 2020

What follows is a short summary of our research report about M&A activity in the cryptocurrency space. The full version can be downloaded for free: 1H20 Deal Flow 42 acquisitions involving cryptocurrency and blockchain companies have taken place in the first half of 2020. At the start of the year, our…

State of Crypto M&A: Update & Survey

Wednesday, March 4, 2020

Following up on our landmark M&A research piece for 2019 we provide a few insights on what’s been happening so far this year. M&A slowdown There has been a slowdown in Crypto M&A activity, contrasting our initial expectations and those of industry executives and investors. Nonetheless there have been a few…

Crypto ≠ risk pandemic vaccine

Wednesday, March 4, 2020

Choosing between selling n95 face masks in exchange for stablecoin and publishing data driven insights about crypto, we clearly prefer the latter. In this update we shed light on exchanges (Deribit and FTX) looking to set the benchmark for crypto vol trading and carve a niche ahead of the incumbents….

Crypto M&A: Barbarians on the Blockchain

Sunday, November 24, 2019

Crypto M&A – A comprehensive review Crypto M&A is alive and kicking. 350 acquisitions involving cryptocurrency and blockchain companies have taken place since 2013. However, beyond anecdotes, press releases and high level summaries, there haven’t been any thorough or forward-looking analyses, until now.  What follows is a condensed version of…