FxWirePro- Biggest Crypto Acquisitions Conducted in 2025

• Coinbase acquired Deribit (CEX/Options) for $2.90B.​

• Kraken acquired NinjaTrader (perp trading platform) for $1.50B.​

• Ripple acquired Hidden Road (prime brokerage) for $1.25B.​

Mid-sized deals

• Coinbase acquired Echo (launchpad) for $375M.​

• Solowin acquired AlloyX (payments) for $350M.​

• Bridgepoint acquired ht.digital (accounting/infra) for $262M.​

• Paribu acquired CoinMENA (CEX) for $240M.​

Around 200M deals

• Ripple acquired Rail (payments) for $200M.​

• Robinhood acquired Bitstamp (CEX) for $200M.​

100–180M deals

• MoonPay acquired Helio (payments) for $175M.​

• Chainalysis acquired Altreya (service) for $150M.​

• IG Group acquired Independent Reserve (CEX) for $117M.​

• Polymarket acquired QCEX (derivatives venue) for $112M.​

• Paxos acquired Fordefi (wallet) for $100M+.​

• Kraken acquired Small Exchange (CEX) for $100M.​