Mergers

CoinGecko is reportedly exploring a sale that could value the crypto market-data firm near $500 million and has engaged Moelis as adviser, according to sources. The move comes as dealmaking across the crypto sector accelerates.

Japanese exchange operator Coincheck agreed to acquire Canadian asset manager 3iQ in a $112 million all-stock transaction, gaining control of a leading manager of regulated crypto investment products. The move broadens Coincheck’s reach into institutional and fund-based crypto offerings across Japan and Canada.

Local media say Mirae Asset Group is negotiating to acquire South Korean crypto exchange Korbit in a deal that could reach $100 million. The talks signal renewed institutional interest and potential consolidation in Korea's crypto market.

SoftBank is reportedly in discussions to buy digital infrastructure firm DigitalBridge, according to a Reuters source, as it looks to expand into AI-focused assets. The talks are ongoing and no deal has been confirmed.

Ripple announced on Dec 4, 2025 that it has snapped up four major firms to create an integrated payments and custody stack, aiming to streamline cross-border settlement and bolster institutional access to digital assets. The push is framed as a move to deliver a full end-to-end rails for fiat-to-crypto flows and secure custody solutions.

Naver is expected to approve an equity-swap acquisition of Dunamu, operator of crypto exchange Upbit, at its board meeting next week. Dunamu has set a board meeting for Nov. 26, 2025 to finalize the transaction details.