M&A deals in the crypto arena up 5,000% in 2021
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Answer M&A deals in the crypto arena up 5,000% in 2021
Cryptocurrency mergers and acquisitions increased from $1.1 billion in 2020 to $55 billion, which represents a massive 4846% jump, according to a report by the company. PricewaterhouseCoopers.
The average volume of mergers and acquisitions tripled, from $52.7 million to $179.7 million.
The report indicates that a number of huge billions were behind this huge jump.
Additionally, 2021 saw activity shift back to the Americas.
The region increased its shares of the total number of M&A deals from 41% to 51%.
In terms of total value, EMEA is slightly ahead, at $25.5, and the Asia Pacific region lags behind, with merger deals totaling just $5 billion.
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PwC, a multinational company that provides assurance, advisory and tax services, also reported on efforts to raise funding for crypto projects.
The total value of these deals increased by 645%, from $4.5 billion to $26.3 billion.
The average amount also increased by 143%.
The same report also indicated that the number of investment companies financing crypto and blockchain projects increased in 2021, with 49 new funds.
The total number of such funds is now just under 500.
The most important trends expected in 2022:
The report expects continued momentum in the industry, based on the significant rise recorded over the past year.
The greater number of venture capital funds is likely to increase the growth of crypto trades.
The report suggests that a key question is whether crypto companies will continue to take advantage of the SPAC merger as a funding opportunity.
SPACs proliferated in 2021, as they provide a way for companies to avoid some regulatory scrutiny when they go public.
The report also sees continued trend and growth in NFT, DeFi (Decentralized Finance), Web3 and Metaverse.
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These parts of the blockchain space experienced significant growth in 2021.
The PwC report expects this trend to continue, but is likely to be more with fundraising deals rather than mergers and acquisitions, as the technology is still in its emerging phase.
According to the same report, the rest of the crypto space will continue to mature in 2022, as more institutional actors enter the scene.
The report concluded that this will go hand in hand with further expansion of the industry.
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