The cryptocurrency industry has undergone various changes in the past eleven years since its inception. Despite regular regulatory challenges, the industry is still going strong and setting new records every year. The cryptocurrency industry is still in the early stage in terms of venture capital fundings and Mergers and acquisitions deals. But the industry has started seeing bigger deals in terms of valuation. Last year alone, the cryptocurrency and blockchain industry witnessed 100+ deals over 1B$.

These are top 5 Mergers and acquisition deals which valued over 1.5B$ that happened by far.

Binance and Coinmarketcap

Acquirer : Binance

Target : Coinmarketcap

Deal Value : 400M$

Year : 2020

Significance: World’s leading cryptocurrency exchange acquired the world’s most popular cryptocurrency website in the largest M&A deal to date.

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Circle and Poloniex

Acquirer : Circle

Target : Poloniex

Deal Value : 400M$

Year : 2018

Significance: Largest acquisitions deal by far, but turned out to be a bad deal for Circle. Poloniex later got acquired by Tron Foundation from circle at much lower valuation.

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BK Global and Bithumb

Acquirer : BK Global

Target : Bithumb

Deal Value : 350M$

Year : 2018

Significance: Buy out of the leading Korean exchange by a singapore based consortium of high net worth investors.

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Lightyear and Chain

Acquirer : Lightyear

Target : Chain

Deal Value : 200M$

Year : 2018

Significance: Smart deal between two blockchain development startups. stellar blockchain-backed lightyear bought out Chain in this deal.

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Tron and BitTorrent

Acquirer : Tron foundation

Target : BitTorrent

Deal Value : 125M$

Year : 2018

Significance: Smart move by Tron foundation to buy out BitTorrent at considerably low market valuation.

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