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.
Crypto exchange Coinbase is finally acquiring Tagomi, a prime brokerage platform specializing in digital asset trading for institutional clients.
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.
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.
"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."
Three funding announcements and three M&A deals give us a window into understanding what investors in the crypto space are most interested in.