Cryptocurrency M&A Deals Expected to Rise in 2025, According to Major Venture Capital Firms
Cryptocurrency M&A deals rose to 248 in 2024, up from 221 in 2023 but still down from 271 in 2022. Cryptocurrency venture capital firms expect mergers to pick up in 2025, driven by clearer regulations and the expansion of fintech into crypto.
Cryptocurrency M&A activity rose to 248 deals in 2024, up from 221 deals in 2023, according to data from The Block Pro. Despite the improvement, it remains below the all-time high of 271 deals in 2022, indicating steady but restrained growth.
“M&A activity was still fairly subdued in 2024, with many companies and protocols unsure of what the future regulatory environment would look like,” Rob Haddick, general partner at Dragonfly, told The Block. “However, most potential buyers were crypto natives, who often wanted to use their inflated valuations from 2021 to acquire companies in exchange for their equity, especially since most of them are not cash-rich.