[Q3 Crypto Industry M&A Transaction Volume Surpasses $10 Billion, Soars Over 30-Fold]
Data from Architect Partners shows that in the third quarter of 2025, the crypto industry's merger and acquisition (M&A) transaction volume surpassed $10 billion for the first time, soaring over 30-fold compared to the same period last year. The acquisition of 21shares by crypto market maker FalconX became a focal point, reflecting the crypto sector's push to penetrate traditional investment channels through regulated products. President Trump's policies have fueled the M&A boom, prompting companies, including 21shares, to adjust their strategic direction. As regulatory barriers gradually ease, Wall Street giants are accelerating their entry into the cryptocurrency market, putting pressure on existing firms to build competitive moats to solidify their market positions.