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Areta: Crypto M&A tops $40b in 2025 as buyers seek scale and speed

2025-06-30 15:51:14

Areta: Crypto M&A tops $40b in 2025 as buyers seek scale and speed

Main Idea

Crypto mergers and acquisitions (M&A) have surged in 2025, with over 40 billion-dollar deals, driven by institutional buyers preferring acquisitions over building from scratch.

Key Points

1. This year's crypto M&A deal volume has surpassed all previous years combined, with trading infrastructure, staking, payments, and on-chain deals leading the trend.

2. Four strategic battlegrounds are driving the acquisition frenzy: institutional trading desks, licensing expansion, stablecoin adoption for B2B payments, and decentralized organization mergers.

3. Examples include Robinhood acquiring Bitstamp for licensing and Swift acquiring AZ Crypto to secure key operations in-house.

4. Stripe and MoonPay have made acquisitions to capture the booming crypto payments market, with nearly 80% of crypto businesses now using stablecoins for B2B payments.

5. On-chain mergers face unique challenges due to the lack of clear frameworks and processes, differing from traditional M&A deals.

Description

With over 40 billion-dollar deals closed this year, crypto mergers have surged past anything the market has seen before. Areta co-founders trace the forces pushing institutional buyers to pick “buy” over “build” at a record pace. At a June 30 conference session during ETHCC 8, Areta co-founders Karl-Martin Ahrend and Jan-Philip Grabs walked attendees through what they described as the most active year in crypto M&A history. Drawing from their advisory work with major players including Robinhood,...

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