M&A season in the crypto industry is heating up. On Wednesday, New York-based Talos, which develops digital asset trading infrastructure, announced that it had acquired the blockchain data provider Coin Metrics. The deal closed at over $100 million, according to a source familiar.
It’s the latest in a series of major acquisitions in the crypto space, which kicked off last year when the payments giant Stripe bought the stablecoin company Bridge for $1.1 billion, and has continued with other mammoth deals, including several by the leading U.S. crypto exchange Coinbase.
