Pitchbook analyst: Crypto industry mergers will increase significantly later this year, especially in the fields of exchanges, custodians, etc.
Pitchbook analyst Robert Le stated: "The recovery of publicly traded tokens and the increasing adoption by institutions will drive an increase in venture capital funding." He added: "Competition for investment rounds is very fierce, especially in the early stages. What is more complex is that valuations for early-stage transactions are higher than those for later-stage transactions...We will observe whether this trend will continue over the next few quarters." In addition, he expects that as the market matures, mergers in the cryptocurrency industry will increase later this year, especially among cryptocurrency exchanges, custodians, and infrastructure providers.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Crypto Loan Carnival round 26: Borrow USDT, USDC to enjoy an APR discount of up to 40%
Crypto Loan Carnival round 26: Borrow USDT, USDC to enjoy an APR discount of up to 40%
Announcement on the increase of borrowing limit coefficients for Bitget spot margin VIP levels
Announcement on the increase of borrowing limit coefficients for Bitget spot margin VIP levels
