Industry insiders expect deal momentum to continue into 2026, driven by consolidation, targeted acquisitions, and a still-open IPO window.
The deal to acquire South Korea's fourth-largest crypto exchange by daily volume is valued at around $70 to $100 million, per local reports.
The deal follows Coinbase’s recent rollout of prediction markets on its platform and is expected to close in January.
The acquisition expands Hilbert's systematic trading toolkit as institutional demand for quant-driven crypto exposure continues to grow.
The sale came just days before Tether-backed video streaming site Rumble announced its $767 million agreement to acquire Northern Data.
Anchorage Digital acquired Hedgey, a startup that builds solutions for managing token allocations, distributions, and vesting schedules.
Acquiring Securitize For Advisors will help Anchorage, the first federally chartered crypto bank, expand its wealth management offerings.
The stablecoin issuer said its goal is to make digital assets issued on Arc interoperable across various blockchains.
Stripe has acquired the team behind peer-to-peer mobile payments app startup Valora, though not the app itself.
Twenty One wants to distinguish itself from pure bitcoin-holding firms by pushing into brokerage, credit, and other financial services.
Solmate previously announced plans for an aggressive M&A strategy to bolster its treasury and staking operations.
The Hyperliquid digital asset treasury told the SEC in October it wants to raise up to $1 billion to fund its HYPE accumulation strategy.
Analysts pointed to Coinbase's expanding product lines, token launches, and new consumer apps as examples of "transformative" shifts.
Upbit is set to become a wholly-owned subsidiary of Naver, as the Korean IT giant seeks future growth momentum based on digital finance.
Fordefi offers an institutional-grade multi-party computation wallet solution that safeguards over $120 billion in monthly transaction volume.
W3C Corp is the parent entity of Baanx and Monavate, which offer card and payments infrastructure services for fintech and crypto clients.
The company had previously pivoted to software offerings in the face of "rising fraud exposure, regulatory pressure, and compliance demands."
Vector’s tech will plug into Coinbase’s DEX integration, while Tensor Labs shifts its NFT marketplace and TNSR token to Tensor Foundation.
Beyond its treasury, AlphaTON highlighted progress on several ecosystem acquisitions tied to the Telegram and TON mini-app economy.
Mastercard also reportedly pursued a deal with BVNK prior to the startup entering into an exclusivity deal with Coinbase.
Rumble has signed a merger agreement with Northern Data, following the divestment of its Bitcoin mining subsidiary, Peak Mining.
The company has now racked up multiple acquisitions this year, including buying prime broker Hidden Road for $1.25 billion.
Bitcoin miners are repositioning themselves as infrastructure providers for hyperscalers amid soaring demand for AI compute power.
If the merger is completed, Animoca would own the vast majority of Currenc and assume its listing on the Nasdaq.
Thesis-owner bitcoin rewards app Lolli has acquired the Slice browser extension, which rewards users for their passive internet activity.
With both BTC.b and LBTC, Lombard is the only platform offering both yield and non-yield bitcoin assets, founder Jacob Phillips said.
CORZ holders rejecting the merger shows that bitcoin miners’ infrastructure is becoming a lucrative key to the AI data-center boom.
The deal would extend Mastercard’s crypto reach from payments into the core infrastructure powering stablecoins and tokenization.
The combined firm, to trade on Nasdaq under the ticker symbol SECZ, also plans to tokenize its own equity.
The acquisition adds Dynamic’s wallet and onboarding tools to Fireblocks’ institutional-grade custody stack, expanding its reach into consumer-facing crypto apps.