Bitcoin News Roundup for May 27, 2020

While the yuan weakens against the U.S. dollar, Coinbase makes an acquisition to grow its institutional trading infrastructure. It's another episode of CoinDesk's the Markets Daily podcast.

Coinbase Buys Tagomi as ‘Foundation’ of Institutional Trading Arm

Crypto exchange Coinbase is finally acquiring Tagomi, a prime brokerage platform specializing in digital asset trading for institutional clients.

Crypto M&A and Fundraising Dropped Sharply in 2019: PwC Report

The value of crypto M&A deals last year dropped by a whopping 76 percent, according to a new report by PwC – down from $1.9 billion in 2018 to $451 million in 2019.

‘They Have the Users’: Binance CEO Explains Why He Bought CoinMarketCap

"Even though their money generation mechanism is not as strong as Binance, they do have the users," CEO CZ tells CoinDesk. "It's a very valuable platform."

What All These VC Deals and Acquisitions Say About the State of the Crypto Markets

Three funding announcements and three M&A deals give us a window into understanding what investors in the crypto space are most interested in.

ConsenSys Acquires US Broker-Dealer in Bid to Tokenize Trillion-Dollar ‘Muni’ Bond Market

ConsenSys aims to use its new acquisition to offer tokenized municipal bonds in a market ripe for disruption.

Kraken Acquires One of Australia’s Longest-Running Crypto Exchanges

With its acquisition of Bit Trade, Kraken is making a major push into the Asia-Pacific region.

Correction: Coinbase and Tagomi Deny Acquisition

A prior report that Tagomi had been acquired by Coinbase was incorrect, according to spokespeople at both companies.

What a Schwab-TD Ameritrade Merger Would Mean for Crypto

A takeover of TD Ameritrade by Charles Schwab would marry one of the few mainstream financial firms to embrace crypto with one whose stance is less clear.