Acquisitions

Gemini Announces Prime Services With Omniex Acquisition

  • The acquisition of Omniex was the second one this year, with Gemini acquiring digital asset management startup Bitria last week.
  • The company also revealed the launch of Gemini Prime, which will attract institutional investors by providing access to multiple exchanges and OTC liquidity.

Crypto.com to Acquire Two U.S. Exchanges

  • The popular crypto exchange has offered IG Group $216 million for its stakes in U.S.-based Nadex and Small Exchange.
  • The acquisition, expected to be complete in the first half of 2022, will enable Crypto.com to offer its U.S. customers access to derivatives and futures products.

Coinbase to Acquire Cryptographic Security Expert Unbound Security

  • Unbound Security is an expert in secure multi-party computation, which combines the security of cold storage with the "frictionless convenience" of a hot wallet.
  • The crypto exchange also plans to establish its presence in Israel, and create a new "tech center of excellence" in the country.

Thailand’s Oldest Bank Acquires Controlling Stake in Bitkub Exchange

  • Siam Commercial Bank has acquired 51% of the total shares in Bitkub for the price of 17.85 billion baht, or around $536 million.
  • The deal is still pending regulatory approval, but the exchange expects to complete the transaction by the first quarter of 2022.

Circle Under SEC Investigation

  • The investigation was revealed in a filing part of Circle's plans to go public through a merger with Concord Acquisition Corp, which valued the company at $4.5 billion.
  • The SEC subpoenaed Circle back in July, requesting a number of documents connected to some of the company's holdings, programs, and operations.

MasterCard to Acquire Crypto Analytics Firm CipherTrace

  • The acquisition is part of MasterCard's larger strategy to expand into the digital assets space.
  • MasterCard will use CipherTrace to provide its clients with better risk assessment tools when dealing with cryptocurrencies.

Coinbase to Acquire Zabo for Undisclosed Amount

  • Established back in 2018, Zabo has already expanded its API integrations to include more than 50 crypto exchanges and wallet services.
  • The crypto aggregator service is the latest acquisition of Coinbase, which has already bought several crypto startups since the start of the year, including Routefire, Bison Trails, and Skew.

Voyager Acquires Crypto Payment Firm Coinify

  • The acquisition will enable Voyager to expand to global markets and enter into the payment space.
  • Coinify shareholders will receive 5.1 million newly issued shares of Voyager and $15 million in cash as part of the agreement.

Square Reveals $29B Acquisition Deal

  • Once Square completed the $29 billion acquisition, the 16 million users of Afterpay will be able buy Bitcoin through the Cash App.
  • Square has also tripled its BTC revenue on a year-to-year basis, reporting a $2.72 billion of bitcoin revenue and $55 million of bitcoin gross profit for Q2.

CoinShares Acquires ETF Index Business

  • CoinShares will acquire Elwood's entire issued capital for $17 million.
  • Elwood's equity research team will join CoinShares, but not changes will be implemented to the Elwood Index or the Invesco Blockchain ETF.