Crypto mergers and acquisitions hit record $8.6B in 2025: FT

The number of crypto deals reportedly skyrocketed this year and hit a record total value of $8.6 billion, led by Coinbase’s record-breaking acquisition of Deribit.

The crypto sector reportedly saw a record $8.6 billion worth of deals in 2025, as the crypto-friendly Trump administration brought confidence to crypto-focused mergers and acquisitions.

The Financial Times reported on Wednesday that 267 deals were inked in the crypto industry up to Tuesday, an 18% increase from 2024. The $8.6 billion in deal value is a nearly 300% jump from last year, which saw $2.17 billion in deals, and the growth is expected to continue into 2026.

Coinbase made the biggest acquisition of the year with its $2.9 billion purchase of the crypto options trading platform Deribit, the biggest-ever acquisition in crypto.

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