Acquisition

FTX is in accumulation mode with the market near rock bottom. Although it’s a fire sale in the market right now, some institutions are well past saving.

The mining company has also signed a separate $54 million financing agreement with NYDIG.

In the largest-ever acquisition of a bitcoin services company, Galaxy Digital is buying BitGo for $1.2 billion.

Payments giant PayPal will be acquiring digital asset custody provider Curv as it strengthens its new cryptocurrency services.

The acquisition adds to Coinbase’s growing custody business, which stores over $7 billion in assets.

Crypto exchange Coinbase purchased controversial software services provider Neutrino for $13.5 million.

U.S.-based cryptocurrency exchange platform Kraken has completed the largest transaction in its history after it made its foray into the futures trading world with the acquisition of London-based Crypto Facilities.

The acquisition will position the two companies into a partnership wherein they will seek to expand their products and services, taking particular aim at institutional investors.

Luxembourg-based cryptocurrency exchange Bitstamp announced its acquisition by Belgium private equity firm NXMH Holdings, whose parent company NXC also owns South Korean crypto exchange Korbit.

The move will see the Canadian company align its existing efforts to tokenize gaming platforms with X2 Games' expertise for game development.