Crypto M&A hit a 5-year high in 2025.
@DWFVentures investigates what's driving it:
→ TradFi firms pushing into digital assets
→ Companies acquiring licenses rather than building from scratch
→ Clearer regulatory frameworks removing friction
Three categories dominated, accounting for 96% of deal value ($42.5B+):
• Investing & trading
• Brokers & exchanges
• Stablecoins & payments
@Coinbase, @krakenfx, and @Ripple have been the most aggressive acquirers, spanning multiple categories.
Companies are on a quest to become the "everything app", with a key focus on bringing onchain to the masses. Acquiring legacy and innovative dApps as a strategy could be a reason for increased M&As.
twitter.com/DWFLabs/status/203...