The cryptocurrency sector witnessed unprecedented M&A activity in October 2025, with 21 significant transactions, marking a record-breaking month. Key deals included Coinbase's $375 million acquisition of Echo to bolster its trading infrastructure, and Kraken's $100 million purchase of the SMALL Exchange to expand its derivatives market. Modern Treasury also acquired Beam for $40 million to enhance its crypto payment systems. This surge in mergers and acquisitions reflects a broader trend of consolidation within the digital asset industry, driven by increased institutional interest and regulatory maturity. The total of 144 M&A events this year more than doubles last year's figures, indicating a strategic shift from launching new tokens to acquiring established platforms, focusing on asset consolidation and compliance.