Cryptocurrencies
Crypto M&A Surges 30-Fold as Niche Firms Shift to Mainstream
For years, crypto was an M&A backwater as it slowly recovered from the 2022 market crash under the glare of hostile regulators.
Photographer: Paul Yeung/Bloomberg21shares spent years building its crypto franchise outside Wall Street’s orbit. From Zurich, it launched exchange-traded products that gave European investors access to Bitcoin and Ether long before the US would allow them.
Now, in selling itself to FalconX — a crypto prime broker backed by Tiger Global and Singapore’s GIC — the company is trading autonomy for scale as crypto moves closer to the financial mainstream.