October 31, 2018 marks the 10-year anniversary since the emergence of blockchain technology, spearheaded by Bitcoin. The industry has overcome several hurdles to get to where it is today.
There’s still a lot of negative sentiment delaying the adoption of blockchain and cryptocurrencies by the general public.
However, there are also key changes being made to strengthen the industry. On one hand, partnerships are fostering cooperation between blockchain projects and entities outside the blockchain world. On the other hand, acquisitions of blockchain companies and entities are being made by bigger organizations, both within and outside of the blockchain world.
The following is a list of major acquisitions that have rocked the crypto industry thus far in 2018. These acquisitions highlight the maturity of the industry, and the list is in no particular order.Top Crypto Acquisitions in 2018 Bitstamp Acquired by NXMH
Bitstamp is a Luxembourg-based crypto exchange. It was founded in Slovenia by Nejc Kodric (CEO) and Damijan Merlak, and boasts about $30 million in daily trade volume. On October 29, 2018, the exchange was acquired by the Belgium-based investment firm NXMH, for an amount rumored to be in the range of $400 million.
The CEO of Bitstamp expressed that the crypto industry is at a point where consolidations within the industry make sense. He also mentioned that the quality of the buyer and their offer prompted his decision. He went on to say that Bitstamp will remain Bitstamp and there will be no change as to how they operate because of the acquisition.
NXMH is a subsidiary of NXC Corp, which bought a large stake in the South Korean exchange Korbit last year. NXMH now has an 80% stake in Bitstamp with CEO Kodric still having a 10% stake. The deal is said to have been an all-cash deal.Trust Wallet Acquired by Binance
Binance has been busy in 2018, making significant strides in the crypto industry. A not...