PwC: Crypto M&A volume rises to $1.1 billion

The aggregate value of M&A deals in 2020 more than doubled from the previous year, reaching $1.1 billion, according to Bloomberg, which cites a PwC report.

According to analysts, in 2019 this figure stood at $481 million.

In 2020, the average deal size rose from $19 million to $53 million. The total amount of capital raised increased by 33%. The publication does not provide exact figures.

In geographic terms, the volume of deals in EMEA (Europe, the Middle East and Africa) rose from $131 million to $303 million. North and South America strengthened their lead — in the past year this figure rose more than threefold — from $251 million to $785 million. The region’s share rose from 52% to 71%.

In Europe, one in three deals took place, whereas a year earlier one in four did. In the United States, 41% of deals were concluded, compared with 48% a year earlier.

The head of PwC Global Crypto, Henri Arslanian, forecast new records across all metrics in 2021. He noted strong interest from major investors in the crypto industry.

The report mentioned new historical highs in the price of Bitcoin, the capitalization stablecoins, the development national digital currencies, the rise of decentralized finance and non-fungible tokens.

In October, PwC experts predicted a rise in global GDP by $1.7 trillion by 2030 due to mass adoption of blockchain.

Since 2013, Coinbase, Kraken and Binance have led in M&A activity.

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