<p>Since 2013, the blockchain industry has seen 129 M&amp;A transactions, with an aggregate deal value around $2.9 billion per The Block's research findings.</p> <p>Cryptocurrency exchanges led the way for the most number of M&amp;A deals. Coinbase has been the most active exchange with a total of 16 M&amp;A deals, followed by Binance and Kraken with ten deals apiece.</p> <p><img class="aligncenter size-full wp-image-69778" src="https://www.tbstat.com/wp/uploads/2020/06/image-22.png" alt="" width="1600" height="899" /></p> <p>Excluding the three exchanges above, nine out of the 12 remaining blockchain firms participated in two transactions each, according to a June 2020 research analysis piece by The Block's John Dantoni.</p> <p>Analyzing the data by segment, the most frequent categories in which deals were done include Trading &amp; Exchange, Banking Payments and Data &amp; Analytics, respectively.</p> <p>Read The Block Research's full report <a href="https://www.theblockresearch.com/analysis-m-a-digital-asset-industry-69343" target="_blank" rel="noopener noreferrer">here</a>.</p>