Crypto M&A hits record $8.6 billion in 2025 as Trump’s regulatory stance spurs deals

In 2025, mergers and acquisitions in the cryptocurrency sector 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 $1.25 billion buyout of Hidden Road.

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