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CoinGecko CEO nods to $500m sale reports amid crypto M&A bonanza
CoinGecko CEO Bobby Ong confirmed on Thursday that the firm is evaluating “strategic opportunities” amid reports it is seeking to be acquired at a valuation of around $500 million. “We’re growing, profitable, and seeing increasing demand from institutions as traditional finance embraces crypto,” Ong wrote on LinkedIn. “The crypto industry is maturing fast.” CoinGecko picked the US investment bank Moelis to advise on the sale, CoinDesk reported on Tuesday. Moelis is a traditional Wall Street firm that has participated in over $5 trillion in transactions in a wide range of industries. The bank advised ... (full story)
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