Crypto companies continue to actively acquire new assets to strengthen their market positions. In recent months, a significant number of mergers and acquisitions have taken place among leading players.
Matrixport Acquires Crypto Finance
Matrixport announced the acquisition of Crypto Finance, a licensed crypto asset management firm in Singapore. This deal aims to expand their services in the region. Co-Founder & CEO of Matrixport, John Ge said, "The acquisition enables clients access to the most innovative, compliant crypto asset management products and aligns with our strategy to further expand services in Europe."
Vinyl Group Acquires Serenade
Vinyl Group, an Australian music technology company, announced the acquisition of Serenade, a Web3 NFTs and digital collectibles startup. This deal will allow Vinyl to reinforce its presence in the NFT category and expand its user base in the United Kingdom.
Other Crypto News
Riot Platform Inc. has ended its bid to acquire Bitfarms after several quarters. Meanwhile, CleanSpark announced plans to acquire a mining facility near the US Air Force Base. Check Point Research revealed that a fraudulent app has stolen $75,000 in the past five months, and billionaire Christian Angermayer left England due to stringent crypto tax rules. According to a recent Coincub report, San Francisco is a hub for cryptocurrency with over 100 businesses accepting crypto payments and more than 400 crypto ATMs.
These acquisitions demonstrate the ongoing interest and efforts of major crypto companies to expand their services and market reach. The crypto market continues to be dynamic and growing, attracting attention from investors and tech companies worldwide.
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