The investing & trading infrastructure subsector is driving significant crypto M&A volume, accounting for 29% of deals in 2023 and 20% in 2022.
This week, the most notable deal was institutional digital asset trading platform, Talos, acquiring D3X Systems to bolster their portfolio management software offering, enabling institutional clients to leverage unique trading tools to test strategies.
As institutions continue to embrace crypto trading, the scope of trading infrastructure must expand. Products such as advanced order management and dynamic portfolio management, widely used in other asset classes, are naturally in demand in the crypto world. Several firms have developed unique trading tools that we expect to be acquired as product enhancements for larger digital asset trading firms over time.
The investing & trading infrastructure subsector is driving significant crypto M&A volume, accounting for 29% of deals in 2023 and 20% in 2022.