What were the major acquisitions in the digital currency industry in 2016?

7 answers

• Maria LindAug 29, 2020 · 5 years ago
  In 2016, there were several significant acquisitions in the digital currency industry. One notable acquisition was Coinbase's purchase of Earn.com for a reported $120 million. This acquisition allowed Coinbase to expand its services and leverage Earn.com's expertise in blockchain-based paid messaging. Another major acquisition was Digital Currency Group's acquisition of CoinDesk, a leading digital currency news and information platform. This acquisition strengthened Digital Currency Group's position as a key player in the industry and provided them with a valuable media outlet to promote their portfolio companies. Overall, these acquisitions in 2016 played a crucial role in shaping the digital currency industry and driving its growth.
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• MysSkJan 13, 2021 · 4 years ago
  2016 was an exciting year for the digital currency industry, with several notable acquisitions taking place. One of the most significant acquisitions was the purchase of Poloniex by Circle. This acquisition allowed Circle to expand its offerings and establish itself as a major player in the cryptocurrency exchange market. Another important acquisition was the purchase of Steemit by Tron. This acquisition helped Tron to strengthen its blockchain-based social media platform and attract a larger user base. These acquisitions in 2016 had a significant impact on the digital currency industry, driving innovation and growth.
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• alu aawqtSep 09, 2020 · 5 years ago
  In 2016, the digital currency industry witnessed some major acquisitions that reshaped the landscape. One of the standout acquisitions was the purchase of Bitnet by Rakuten. This acquisition allowed Rakuten, a leading e-commerce company, to integrate digital currency payments into its platform and offer a more diverse range of payment options to its customers. Another notable acquisition was the purchase of Coinsetter and Cavirtex by Kraken. This acquisition helped Kraken to expand its presence in North America and strengthen its position as one of the top cryptocurrency exchanges. These acquisitions in 2016 marked a significant step forward for the digital currency industry, bringing it closer to mainstream adoption.
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• Aleksander Kotyński-BuryłaNov 05, 2020 · 5 years ago
  2016 was a pivotal year for the digital currency industry, with several major acquisitions taking place. One of the most significant acquisitions was the purchase of Blockr.io by Blockchain.info. This acquisition allowed Blockchain.info to enhance its blockchain explorer capabilities and provide users with more comprehensive and reliable data. Another notable acquisition was the purchase of Coin.mx by the Digital Currency Group. This acquisition helped the Digital Currency Group to expand its portfolio and strengthen its position as a leading investor in the digital currency space. These acquisitions in 2016 played a crucial role in driving innovation and growth in the digital currency industry.
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• McClanahan BeckerApr 29, 2022 · 3 years ago
  In 2016, the digital currency industry experienced a number of significant acquisitions. One notable acquisition was the purchase of Coinsetter by Kraken. This acquisition allowed Kraken to expand its operations in the United States and provide its customers with a more robust trading platform. Another major acquisition was the purchase of Korbit by Nexon. This acquisition helped Nexon to enter the digital currency market and diversify its business. These acquisitions in 2016 had a positive impact on the digital currency industry, driving competition and innovation.
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• Borregaard RitterDec 18, 2023 · 2 years ago
  2016 witnessed several major acquisitions in the digital currency industry. One notable acquisition was the purchase of Coinapult by ShapeShift. This acquisition allowed ShapeShift to enhance its services and offer users a more seamless and secure way to convert between digital currencies. Another significant acquisition was the purchase of CleverCoin by Kraken. This acquisition helped Kraken to expand its presence in Europe and strengthen its position as a leading cryptocurrency exchange. These acquisitions in 2016 played a crucial role in shaping the digital currency industry and driving its growth.
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• Maria LindSep 22, 2020 · 5 years ago
  In 2016, there were several significant acquisitions in the digital currency industry. One notable acquisition was Coinbase's purchase of Earn.com for a reported $120 million. This acquisition allowed Coinbase to expand its services and leverage Earn.com's expertise in blockchain-based paid messaging. Another major acquisition was Digital Currency Group's acquisition of CoinDesk, a leading digital currency news and information platform. This acquisition strengthened Digital Currency Group's position as a key player in the industry and provided them with a valuable media outlet to promote their portfolio companies. Overall, these acquisitions in 2016 played a crucial role in shaping the digital currency industry and driving its growth.
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