Though crypto mergers and acquisitions slowed in 2023, some industry watchers say such transactions are likely to be more en vogue next year as the space continues to mature.
There were 203 crypto M&A deals in 2022. Such deal count this year stood at 143 on Dec. 13, according to advisory firm Architect Partners — on pace to decline by 27% year over year.
Nearly a third of the 2023 transactions — 42 in all — have come within the investing and trading infrastructure category, the data shows. This comprises non-exchange trading firms, custodians and other companies focused on “infrastructure to the trading lifecycle,” said Architect Partners founder Eric Risley.
Which deals… Read more on Blockworks