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Asia and Europe Crypto M&A Progressing Ahead Of U.S.


PricewaterhouseCoopers (PwC), one of the leading auditing companies in the world, reported a shift in fundraising of mergers and acquisition (M&A) deals in Europe and Asia.

A majority of fundraising and M&A deals in the cryptocurrency industry are now happening in Asia and Europe, surpassing the previously dominant role of the Americas, according to a new report from PwC.

During the “Invest: Asia” forum in Singapore, the company released an in-depth analysis of the crypto sector. The report shows that 41 percent of all fundraising deals in Q2 of 2019 took place in Europe, in comparison to just 34 percent during Q2 of 2018. The Asian market also experienced increases in fundraising, as Asia is accountable for 26 percent of all fundraising deals (Q2 of 2019).Similarly, cryptocurrency fundraises in the Asian market have jumped significantly, accounting for 26 percent of the deals in Q2 2019.

Meanwhile, the report identifies a significant drop in crypto fundraising deals in the Americas.

While the region accounted for 51 percent of global deals in Q2 2018, the Americas captured just 28 percent in Q2 2019.

Decline in America’s Dominance

The M&A sector saw an even bigger decline in Americas` dominance over Europe and Asia. From being accountable for over 80 percent of the M&A deals in Q1 of 2018, now the U.S. market has shrunk in half, recording 48 percent in Q2 of 2019. Total number of mergers and acquisition deals in both Europe and Asia accounted for over 50 percent in Q2 2019, compared to 17 percent in Q2 2018.

The price of bitcoin is the determinant for the industry and for the sentiment of investors. As the price of bitcoin has recovered, the sentiment has become more bullish and have seen more activities in fundraising and M&A activities.

As blockchain technology evolves, we are seeing capital flow to every sector of the crypto industry, particularly in crypto exchanges as well as broader crypto trading and blockchain infrastructure companies.

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