Crypto M&A hits record $8.6 billion in 2025 as Trump’s regulatory stance spurs deals
In 2025, cryptocurrency mergers and acquisitions reached a record $8.6 billion, driven by regulatory changes under Trump's administration. Notable transactions included Coinbase acquiring Deribit for $2.9 billion, Kraken purchasing NinjaTrader for $1.5 billion, and Ripple's buyout of Hidden Road for $1.25 billion.
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