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The 10 Largest Crypto Acquisitions
- The cryptocurrency market has witnessed unprecedented growth with bitcoin passing the historical US$100,000 mark,
- The surge was fueled by significant events, including Donald Trump's election victory,
- According to CCData, South Korea alone accounted for 7.38% of the total spot trading volumes on centralized exchanges.
- In this context, market intelligence platform CB Insights released a list of the 10 largest crypto acquisitions by exit valuation in October 2024.
- The largest acquisition was fintech giant Stripe's US$1.1bn acquisition of stablecoin platform Bridge.
- BK Global Consortium acquired a majority stake in South Korea's Bithumb for US$706m, marking the second-largest crypto acquisition in history.
- Circle acquired the Poloniex crypto exchange in February 2018 for a reported US$400 million.
- NYDIG Inc. acquired Bottlepay, the maker of a global, real-time bitcoin payments application, for an estimated US$300m.
- Ripple acquired Switzerland-based crypto custody firm Metaco for US$250m in cash and Ripple equity, its first major acquisition.
- Payment technology firm Nuvei paid approximately US$250m in cash to acquire Simplex, a payment solution provider for the crypto industry.
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