<div _ngcontent-c14 = "" innerhtml = "

Circle Internet Financial, backed by Goldman Sachs, acquired Poloniex for a record $ 400 million.

Circle Internet Financial, backed by Goldman Sachs, acquired Poloniex for a record $ 400 million.Getty Images

While the cumulative market capitalization of crypto-currencies rose from an unprecedented peak of $ 813 billion in 2018 to only $ 130 billion at the end of the year, the sector was consolidating at a rate historical. A record $ 559 million in mergers and acquisitions related to cryptocurrency was concluded in the United States in 2018, based on data provided to Forbes by Pitchbook, a financial database for investors. The previous record was set in 2010, when $ 353 million in transactions were recorded.

While skeptics about cryptocurrency and other blockchain applications have been frightened by the drop in prices, the sheer volume of behind-the-scenes moves is evidence of a consolidation of resources and talent that is likely to increase. help the sector to mature. Much of the mergers and acquisitions activity has been fueled by a few large dollar transactions.

A chart of the largest M & A transactions in the United States, also provided to Forbes, showed that four of the ten took place last year. The biggest acquisition of all time related to the cryptocurrency American took place in February 2018, when the crypto-finance company Circle bought the exchange of cryptocurrency Poloniex for 400 million dollars. Also last year, the task platform purchased by Coinbase generated a turnover of $ 120 million, the blockseer blockchain analysis company was purchased for $ 14.8 million and the Node40 bitcoin tax company, for $ 14.7 million.

The cryptocurrency and blockchain activity in the United States last year was also marked by number offers. Last year, Pitchbook recorded a record 54 transactions, 170% more than the previous record set in 2017 when 20 transactions were closed.

In total, Pitchbook has listed $ 1.1 billion in US Crypto M & A activity since 2008, which means that nearly half of the industry's transactions were completed last year. The total number of M & A transactions in the United States also increased in 2018, according to Pitchbook's annual M & A report, but at a significantly lower rate. Between 2017 and 2018, transactions grew by 6.8% to $ 2 trillion.

Until now, 2019 announces it as another record year for blockchain M & A. In the United States alone, the Cryptocurrency Exchange Kraken paid $ 100 million for CryptoFacilities, a UK-based cryptocurrency futures trading platform; Coinbase has purchased Blockspring from start blockchain APIs for an undisclosed amount; and Facebook has concluded its first blockchain deal by spending an undisclosed amount on the Chainspace smart contracts start-up.

Be among the first to receive important information and information about crypto and blockchain with Forbes Crypto Confidential. Sign up for free now.

">

Circle Internet Financial, backed by Goldman Sachs, acquired Poloniex for a record $ 400 million.

Circle Internet Financial, backed by Goldman Sachs, acquired Poloniex for a record $ 400 million. Getty Images

<

p class=”speakable-paragraph”>While the cumulative market capitalization of crypto-currencies rose from an unprecedented peak of $ 813 billion in 2018 to only $ 130 billion at the end of the year, the sector was consolidating at a rate historical. A record $ 559 million in mergers and acquisitions related to cryptocurrency was concluded in the United States in 2018, based on data provided to Forbes by Pitchbook, a financial database for investors. The previous record was set in 2010, when $ 353 million in transactions were recorded.

While skeptics about cryptocurrency and other blockchain applications have been frightened by the drop in prices, the sheer volume of behind-the-scenes moves is evidence of a consolidation of resources and talent that is likely to increase. help the sector to mature. Much of the mergers and acquisitions activity has been fueled by a few large dollar transactions.

A chart of the largest M & A transactions in the United States, also provided to Forbes, showed that four of the ten took place last year. The biggest acquisition of all time related to the cryptocurrency American took place in February 2018, when the crypto-finance company Circle bought the exchange of cryptocurrency Poloniex for 400 million dollars. Also last year, the task platform purchased by Coinbase generated a turnover of $ 120 million, the blockseer blockchain analysis company was purchased for $ 14.8 million and the Node40 bitcoin tax company, for $ 14.7 million.

The cryptocurrency and blockchain activity in the United States last year was also marked by number offers. Last year, Pitchbook recorded a record 54 transactions, 170% more than the previous record set in 2017 when 20 transactions were closed.

In total, Pitchbook has listed $ 1.1 billion in US Crypto M & A activity since 2008, which means that nearly half of the industry's transactions were completed last year. The total number of M & A transactions in the United States also increased in 2018, according to Pitchbook's annual M & A report, but at a significantly lower rate. Between 2017 and 2018, transactions grew by 6.8% to $ 2 trillion.

Until now, 2019 announces it as another record year for blockchain M & A. In the United States alone, the Cryptocurrency Exchange Kraken paid $ 100 million for CryptoFacilities, a UK-based cryptocurrency futures trading platform; Coinbase has purchased Blockspring from start blockchain APIs for an undisclosed amount; and Facebook has concluded its first blockchain deal by spending an undisclosed amount on the Chainspace smart contracts start-up.

Be among the first to receive important information and information about crypto and blockchain with Forbes Crypto Confidential. Sign up for free now.