Crypto M&A Activities Increase 4,846% in 2021

PwC, one of the world’s largest professional services networks, recently published a report on the global crypto M&A and fundraising space. According to the report, crypto mergers and acquisitions activity jumped by a whopping 4,846% in 2021.

The average deal size has reached $179.7 million, compared to $52.7 million in 2020. The American region led the overall crypto deals in 2021. In terms of fundraising, the total number of deals spiked significantly during the mentioned period.

2021 witnessed some of the biggest crypto deals in history. Cryptocurrency firms like digital
 
 exchange 
FTX, Sorare, and NYDIG raised record funding. The NFTs and Metaverse sectors gained immense popularity among venture capital firms.

“The total value of crypto M&A deals in 2021 has grown just over 50x the total in 2020. The average cryptocurrency M&A deal size has also increased from US$127mil to US$179.7mil in 2021. Top 10 M&A deals in 2021 saw a significant increase in deal values, with numerous deals valued at over US$1bil in 2021 as compared to none in 2020. We saw larger and more developed crypto companies becoming more active in M&A, a sign that the crypto industry continues to mature, and consolidation is beginning to occur,” PwC said.

M&A Deals

Global companies poured billions of dollars into cryptocurrency firms last year for mergers and acquisitions. According to the report, each of the top 10 deals was worth more than $1 billion.

“2021 also saw crypto players tap Special-Purpose
 
 Acquisition 
Companies (SPAC) as a means of accessing capital markets, with 4 of top 10 deals bringing a total of US$19.4bil in 2021. The average size of the top 10 M&A deals was US$3.3bil, just over 9x larger than Binance’s acquisition of CoinMarketCap in 2020,” PwC added.

The American region accounted for almost 50% of the global cryptocurrency deals in 2021.

PwC, one of the world’s largest professional services networks, recently published a report on the global crypto M&A and fundraising space. According to the report, crypto mergers and acquisitions activity jumped by a whopping 4,846% in 2021.

The average deal size has reached $179.7 million, compared to $52.7 million in 2020. The American region led the overall crypto deals in 2021. In terms of fundraising, the total number of deals spiked significantly during the mentioned period.

2021 witnessed some of the biggest crypto deals in history. Cryptocurrency firms like digital
 
 exchange 
FTX, Sorare, and NYDIG raised record funding. The NFTs and Metaverse sectors gained immense popularity among venture capital firms.

“The total value of crypto M&A deals in 2021 has grown just over 50x the total in 2020. The average cryptocurrency M&A deal size has also increased from US$127mil to US$179.7mil in 2021. Top 10 M&A deals in 2021 saw a significant increase in deal values, with numerous deals valued at over US$1bil in 2021 as compared to none in 2020. We saw larger and more developed crypto companies becoming more active in M&A, a sign that the crypto industry continues to mature, and consolidation is beginning to occur,” PwC said.

M&A Deals

Global companies poured billions of dollars into cryptocurrency firms last year for mergers and acquisitions. According to the report, each of the top 10 deals was worth more than $1 billion.

“2021 also saw crypto players tap Special-Purpose
 
 Acquisition 
Companies (SPAC) as a means of accessing capital markets, with 4 of top 10 deals bringing a total of US$19.4bil in 2021. The average size of the top 10 M&A deals was US$3.3bil, just over 9x larger than Binance’s acquisition of CoinMarketCap in 2020,” PwC added.

The American region accounted for almost 50% of the global cryptocurrency deals in 2021.

Source: https://www.financemagnates.com/cryptocurrency/news/crypto-ma-activities-increase-4846-in-2021/