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  "documentTitle": "2nd Global Crypto M&amp;A and Fundraising Report",
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  "notes": "The chart shows a decrease in total deal count from 192 in 2018 to 114 in 2019.",
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      "text": "Consolidation in the crypto ecosystem continued in 2019 with almost half of the M&A activity in the sector being driven by existing crypto market participants looking to expanding the range of services they offer.",
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      "text": "Notes: 1) Certain deals have more than 1 buyer 2) Individual investors. Source: MergerMarket, Capital IQ, Crunchbase, Pitchbook, PwC Analysis",
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      "text": "Legend for acquirer types: Crypto/Blockchain, Other Tech, Others, Crypto VCs, Corporate VC, Traditional VCs, Private investors, PE/Hedge funds, Undisclosed",
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