As cryptocurrencies are gaining a mainstream profile, merger and acquisition deals are now actively taking off.
According to a new report released by PricewaterhouseCoopers (PwC), the cryptocurrency M&A sector grew to $1.1 billion last year.
Unsurprisingly, the U.S. is responsible for the lion’s share of that figure, with local deals generating $785 million. The EMEA region comes in a distant second place with $303 million. The gap between the two regions has widened compared to 2019 due to rapid institutional adoption in the U.S.