Crypto mergers and acquisitions doubled to $1.1B in 2020, PwC reports

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The average deal size in the crypto industry surged from $19 million last year to nearly $53 million in 2020, according to a new PwC report.
The consolidation of cryptocurrency-related companies surged massively in 2020, hitting a new record in deal activity, according to a new report by professional services network PwC.The total volume of mergers and acquisitions in the crypto industry more than doubled from $481 million in 2019 to $1.1 billion in2020, PwC said in a Monday market overview, as seen by Bloomberg.The average deal size in crypto surged from $19 million in 2019 to nearly $53 million, with crypto fundraising increasing 33% in overall value in 2020. Countries in the EMEA region saw a notable spike in the number of deals, while the Americas recorded a threefold growth in deal value.Source: BloombergFollowing new highs last year, deal activity in the crypto industry is likely to continue growing in 2021. PwC globa

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Źródło: https://cointelegraph.com/news/crypto-mergers-and-acquisitions-doubled-to-1-1b-in-2020-pwc-reports

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