The cryptocurrency bull run has been the most notorious headline highlighted in the last few months, but more figures are being watched beyond bitcoin prices. A new report released by Pricewaterhousecoopers (PWC) revealed that crypto merger and acquisition (M&A) deals skyrocketed in 2020.
2021 Is on Track to Surpass Last Year’s Numbers, PWC Says
Quoted by Bloomberg, the consulting firm pointed out that the crypto M&A sector more than doubled last year to $1.1 billion from 2019 figures. Geographically speaking, the United States is still taking the lead by itself, as deals taking place in the region accounted near $785 million.
Still, Europe and Asia together, as EMEA region, generated $303 million in crypto M&A deals, said PWC.
Henri Arslanian, global crypto leader of PWC, highlighted the fact that 2020 numbers posse a record for the sector. However, he added that 2021 is on track “to significantly surpass it from every single metric.”
The study says that findings suggest