Category: Acquisition

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Crypto Lender Nexo Moves Forward With Plan to Acquire Troubled Rival Vauld

Leading cryptocurrency lender Nexo has offered to buy distressed competitor Vauld, which halted operations in the face of financial difficulties. The proposal comes after the Singapore-based company said it was exploring restructuring options. Nexo Secures Exclusive Agreement to Explore Vauld’s Acquisition Singapore-based crypto lending and trading platform Vauld, which announced suspension of withdrawals and other…
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Crypto.com gets nod in Dubai and FTX launches in Japan

Crypto.com will have further requirements before its full license is granted in the “near-term” and FTX said the move would allow it to work “directly with Japanese regulators.” Two out of the top 10 largest cryptocurrency exchanges by volume will expand into new markets, with Crypto.com obtaining a provisional crypto license in Dubai and FTX…
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Huobi Global Acquires Latin American Crypto Exchange Bitex

The digital currency exchange Huobi Global has revealed it has acquired Bitex, a Latin American crypto platform that operates in Argentina, Chile, Paraguay, and Uruguay. Huobi details that the company is stepping up its presence in Latin America as it believes the region will be one of the most active crypto adoption areas worldwide. Huobi…
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NFT Investments PLC mulls £96M acquisition of Pluto Digital

In 2021, the firm made seven investments and one exit in an early-stage NFT business. On Friday, NFT Investments PLC, a U.K.-based blockchain firm that invests in companies operating in the nonfungible tokens, or NFTs, space, announced that it would no longer pursue a 96 million pound acquisition of Pluto Digital. Although it did not…
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Bolt Acquires Wyre for $1.5 Billion, Firm Aims to ‘Decentralize Commerce’

On Thursday, the payments and checkout and shopper network, Bolt has announced the firm plans to acquire the digital currency provider Wyre in a $1.5 billion deal. Bolt has explained the acquisition is aimed at bolstering cryptocurrency services and “the opportunity of Web3.” Payments and Checkout Firm Bolt Acquires Wyre The e-commerce platform Bolt has…
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Digital Currency Exchange Kraken Acquires Crypto Staking Firm Staked

The digital asset company Kraken announced it has acquired the non-custodial staking platform Staked for an undisclosed sum. While the sum of the purchase was not disclosed, the company claims that it was “one of the largest crypto industry acquisitions to date.” Kraken Acquires Non-Custodial Staking Firm Staked On December 21, Kraken announced that it…
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INX’s acquisition of security token platform OpenFinance almost complete

INX has completed all the documents needed to complete its acquisition of security token platform OpenFinance, and is now awaiting regulatory approval. Crypto IPO issuer INX has announced that its acquisition of security token offering platform OpenFinance is almost complete. According to an email sent to OpenFinance users, the parties are now just awaiting regulatory…
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Yearn Finance continues acquisition spree with Cover

“That’s how shit gets done here,” says one team member This morning, Yearn founder Andre Cronje announced the latest in a spate of high-profile mergers and collaborations for the multi-faceted decentralized finance (DeFi) protocol: Yearn Finance will be “joining forces” with market coverage provide Cover.  In a blog post, Cronje notes that the merger will…
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