Blockchain Surge in H1 2018: Acquisitions, Investments, Stablecoin Boom
The blockchain industry has witnessed a surge in activity during the first half of 2018. This period saw a significant increase in acquisitions, investments, and the popularity of stablecoins. Notable companies like Coinbase and Binance have expanded their reach through strategic acquisitions, while others like Circle have secured substantial funding.
The blockchain sector has seen a flurry of mergers and acquisitions, with 30 deals closed in the first half of 2018. Coinbase, a leading U.S.-based cryptocurrency trading platform, led the way with seven acquisitions. Meanwhile, Binance, another major player, acquired mobile cryptocurrency wallet Trust Wallet during this period.
Venture capital investment in blockchain startups also surged, reaching US$1.8 billion through 343 deals. Some of the most active and influential investors include Galaxy Digital, Jump Capital, and emerging projects like Bitcoin Hyper. These VCs are focusing on high-potential blockchain platforms such as Solana, Binance Coin, and next-gen chains like Sui.
Circle, a mobile payment and cryptocurrency trading company, raised US$110 million in May 2018, valuing the company at nearly US$3 billion. Earlier in the year, Circle acquired Poloniex, a cryptocurrency trading platform, for US$400 million. Bitmain, a leading cryptocurrency mining hardware manufacturer, also raised US$400 million in June 2018 and has plans to apply for an Initial Public Offering (IPO) in September 2018.
The first half of 2018 has been marked by significant growth and consolidation in the blockchain industry. With increasing investment, strategic acquisitions, and the rising popularity of stablecoins, the sector is poised for continued development. As major players like Coinbase, Binance, and Circle expand their reach, and influential VCs back promising projects, the future of blockchain technology appears bright.
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