PwC Report Shows Huge Growth in Crypto M&A in Asia and Europe
A majority of fundraising and M&A deals in the cryptocurrency business are currently happening in Asia and Europe, surpassing the antecedently dominant role of the americas, according to a new report from PwC. Released on Thursday at CoinDesk’s Invest: Asia event, the professional service firm’s analysis of the crypto ecosystem found that 41 % of global fundraising deals in Q2 2019 happened in Europe. Europe saw 34 % of global fundraising deals in the same period last year. Similarly, cryptocurrency fundraises in the Asian market have jumped considerably, accounting for 26 % of the deals in Q2 2019. Combined, the two regions accounted for 67 % of the action in Q2 2019. Meanwhile, the report identifies a significant drop in crypto fundraising deals in the Americas. While the region accounted for 51 percent of global deals in Q2 2018, the americas captured simply 28 % in Q2 2019. Globally, however, the entire number of fundraising deals, as well as the quantity of cap...