Acquisitions
Coinbase Tries to Catch Up to Foreign-Based Rivals With Move Into Derivatives
With its acquisition of derivatives exchange FairX this week, Coinbase is seeking to gain traction in a market that’s dominated by its foreign-based competitors.
Coinbase Buys FairX to Launch Crypto Derivatives
The acquisition follows on the heels of FTX’s acquisition of LedgerX.
Parent Company of Brazil’s Largest Crypto Exchange Enters Europe With Portuguese Acquisition
2TM, the holding company for Mercado Bitcoin, acquired CriptoLoja, Portugal’s first licensed crypto exchange, as step one in its plans to expand into Europe.
Elrond Foundation Acquires Crypto Payments Firm Utrust
The merged companies plan to combine DeFi with payments, in a product dubbed “Merchant Yield.”
Kevin O’Leary-Backed DeFi Platform WonderFi to Purchase Bitbuy for $162M in Cash, Shares
The deal gives WonderFi one of Canada’s fastest-growing crypto platforms, adding 375,000 registered users.
Crypto Exchange Kraken Acquires Staking Platform Staked
The crypto exchange referred to the deal as “one of the largest crypto industry acquisitions to date” but did not disclose the amount paid.
NBA Top Shot Maker Dapper Labs Commits $80M for Startup Acquisitions
Dapper already bought a “young, scrappy company” but wouldn’t say which.
BCB Group Expands in Europe With Acquisition of 100-Year-Old German Bank
The German regulator is expected to approve the transaction by the end of February.
Robinhood Acquires Cross-Exchange Crypto Trading Firm Cove Markets
Cove’s co-founders and markets team will join Robinhood as part of the acquisition.
Sportswear Giant Nike Purchases NFT Fashion and Collectibles Startup RTFKT
Nike is making a major move into the metaverse with the acquisition of a leading digital apparel player.
