According to a report of The Block Research, in 2021, the number of mergers and acquisitions in the encrypted currency and block chain industry increased more than 6 billion US dollars.
GalaxyDigital, led by Bitcoin Bull Mike Novogratz, announced that it will acquire Bitgo, which will acquire digital asset infrastructure suppliers at $ 1.2 billion, becoming a 1 billion US dollars in the industry.
According to the BLOCKRESEARCH “2022 Digital Assets Outlook”, this year’s M & A transactions overall surged 131%, reaching 197 records, and a high water bit line a year ago is 85. At the same time, the transaction volume also has a greater leap, soaring 730% to $ 6.1 billion.
According to the report, “2021 is a decisive year of the block chain and the encrypted monetary industry, it is ripe from a new life industry.”
According to statistics, Coinbase completed the most transactions in 2021, including its acquisition of infrastructure platform Bison Trails. The BlockResearch said that Coinbase has become a “most active participant” in the encrypted monetary industry, and a total of 27 agreements have been achieved.
As each company is working hard to strengthen its foothold in a broader $ 2.3 trillion encryption of the currency market, the transaction boom will come. With this year’s institutional and retail investment wave, the market’s valuation exceeds 3 trillion US dollars in this year.