Crypto mergers and acquisitions (M&A) hit a record $8.6 billion in 2025, driven by increased deals and institutional confidence amid a more favorable U.S. regulatory environment. Key transactions include Coinbase's $2.9 billion acquisition of Deribit and Kraken's $1.5 billion purchase of NinjaTrader, highlighting demand for regulated trading infrastructure. Despite a 30% Bitcoin price drop from its peak, institutional interest in crypto infrastructure and IPOs surged, signaling a shift toward long-term market integration.

#BTC