2020 saw over $3 billion in crypto venture funding and over $690M in M&A activity
December 24, 2020, 1:20PM EST
1 min read
The Block Research’s new report highlighted much of the impressive crypto metrics for this year — especially in blockchain and cryptocurrency financing and mergers and acquisitions (M&A).
2020 saw approximately $3.1 billion in financing volume over a span of 774 transactions, according to the report. The COVID-19 pandemic spurred a 61% decrease in Q1 and Q2 total funding, but 2020 still retained steady venture funding.
There were also eighty-three mergers and acquisitions this year, totaling $691 million in volume. That’s a 28% increase year-over-year and the highest M&A transactional volume ever. Acquisitions of CoinMarketCap, Blockfolio, and Tagomi made up about 96% of the dollar volume, according to the report, which made it the second-highest dollar volume amount.
Delivering on a vision for an interoperable global standard for dollar digital currency, Circle and TRON have partnered to make USD Coin (USDC) available on the TRON blockchain, which has grown to more than 56 million accounts and nearly 2.5 billion transactions since its founding just four years ago. TRON is home to a broad ecosystem for digital assets in Asia and around the world, and the TRON community can now benefit from easy access to the world's fastest-growing, regulated dollar digital currency.
The Canadian Securities Administrators, an umbrella group for securities regulators in the country, alongside a self-regulatory organization for the investment industry, has released new guidance for crypto exchanges on the use of social media as well as advertising and marketing.
LMAX Group robust technology and familiar institutional grade trading infrastructure (currently processing over 2 billion orders per day in the global FX market) is the solid backbone of LMAX Digital, delivering access to deep institutional liquidity, transparent price discovery, a regulated trading environment and a full custodian trading solution.