The cryptocurrency sector is experiencing a significant surge in mergers and acquisitions (M&A) in 2025, with major firms like Coinbase and Kraken leading the charge. According to RootData, there have been 143 M&A deals this year, marking a 93% increase from the same period in 2024. This trend is driven by companies seeking to expand their product offerings, enhance regulatory compliance, and accelerate market entry. Coinbase has notably acquired Deribit and Echo, while Kraken has purchased NinjaTrader for $1.5 billion. The M&A wave extends beyond crypto-native firms, with Web2 companies such as Robinhood, Mastercard, and Stripe also making strategic entries into the crypto space. This activity is restructuring the Web3 ecosystem, providing startups with more stable exit opportunities and promoting a shift towards product-driven and compliant development.