Bernstein: Crypto heading toward 'one-stop-shop' multi-asset investment platforms as M&A activity heats up

Crypto exchanges and broker/dealers are making “M&A power moves” as the industry heads toward “one-stop-shop” multi-asset platforms, according to analysts at Bernstein.Coinbase is reportedly in advanced talks to acquire Deribit, Kraken is set to acquire NinjaTrader and Robinhood is in the process of integrating Bitstamp.