Acquisitions


Finance

DCG Enters Retail Crypto Market With Acquisition of Luno Wallet

Blockchain-focused investment firm Digital Currency Group has acquired Luno, a retail-focused cryptocurrency exchange with over five million customers.

DCG founder and CEO Barry Silbert (CoinDesk archives)

Markets

FTX Exchange's $150M Deal for Mobile-First Blockfolio Is a Retail Trading Play

The deal is a strategic play for FTX, whose clientele consists largely of quants and professional traders, to attract more retail customers.

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Finance

ConsenSys Acquires JPMorgan's Quorum Blockchain

Quorum, the enterprise blockchain platform developed by mega-bank JPMorgan Chase, is to be acquired by ConsenSys, the Brooklyn-based Ethereum venture studio.

Inside ConsenSys in 2016 (CoinDesk archives)

Finance

CLabs Acquires Summa to Boost Crypto Interoperability on Celo

The token startup just acquired decentralized finance (DeFi) startup Summa, best known for its interoperability work with Bitcoin and Ethereum.

Celo community gathering in California (cLabs)

Markets

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.

Markets Daily Front Page Default

Finance

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.

Coinbase CEO Brian Armstrong

Finance

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.

PwC Global Crypto Lead Henri Arslanian image via CoinDesk archives

Finance

'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."

DOUBLING DOWN: Binance CEO Changpeng “CZ” Zhao is pinning his hopes on a mass audience of individual investors. (Credit: CoinDesk archives)

Finance

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.

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Finance

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.

ConsenSys CEO Joseph Lubin (CoinDesk archives)