Cryptocurrency-focused financial services firm Galaxy Digital said to be in talks to buy crypto custodian BitGo. “The Hash” panel discusses why the potential development could be a big deal and how we might see more crypto M&A from institutional investors this year.
Coinbase is for sure going to buy more companies. And with the success of its stock listing, other crypto companies are sure to follow and will also do what public companies do: buy things.
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.
"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."