Meet the top 5 busiest crypto funders of 2021, according to PwC

Merger and acquisition deals successful the cryptocurrency industry, simply known arsenic M&As, person massively accrued successful 2021, with associated worth jumping astir 5,000%, according to PwC, 1 the largest accounting firms successful the United States.

The full measurement of crypto mergers and acquisitions soared 4,846% past year, with the mean woody size reaching astir $180 cardinal from $53 cardinal successful 2020, PwC said successful a caller study, Bloomberg reported connected Wednesday.

PwC elaborate that crypto fundraising woody volumes surged 645% successful 2021, with top-five investors by woody number including blockchain capitalist AU21, Genesis Block Ventures, Genblock Capital, Coinbase Ventures and Moonwhale.

The monolithic surge successful crypto M&A successful 2021 was partially driven by special-purpose acquisition company (SPAC) deals, the survey noted. PwC crypto person Henri Arslanian said that there’s nary motion of crypto fundraising slowing anytime soon.

The caller study comes soon aft PwC released its caller survey connected planetary M&A trends successful technology, media and telecommunications connected Jan. 24. According to the study, 2021 was a grounds twelvemonth successful presumption of crypto M&A, posting 600 crypto deals successful total, much than treble that successful 2020.

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PwC emphasized that successful 2021 the integer plus manufacture was gaining “broader mainstream acceptance,” with accepted concern companies seeking to determination into crypto arsenic portion of their halfway businesses done M&A. Companies crossed industries were besides attempting to incorporated and monetize non-fungible tokens arsenic a constituent of their halfway businesses, the steadfast noted.

“We expect a continued acceleration successful crypto-related IPOs and acquisitions successful 2022 crossed trading platforms, integer outgo applications and related products,” PwC wrote.