In the 'Opportune' Bear Market, Crypto Merger & Acquisitions Surge Over 200% in 2018

In what has been dubbed a "Deal frenzy," crypto and blockchain-related merger and acquisition activity has surged by over 200 percent in 2018, CNBC reported Oct. 18.

Data compiled by JMP Securities for PitchBook reportedly reveals that the total number of M&A deals in the sector is set to hit 145 by the end of this year, with 115 already closed as of Oct. 15.

The data covers a wide gamut of M&A deals, including majority investments, partial and full acquisitions.

While the deals' sizes remain undisclosed, JMP is cited by CNBC as saying that the "Majority" are "Relatively small" - less than $100 million - and are "Global in nature."

Conversely, 2017 reportedly saw just 47 deals in total, as Bitcoin soared to hit its record high of $20,000 in December of that year.

JMP Securities' head of blockchain and digital assets investment banking, Satya Bajpai, told CNBC in an interview that the so-called "Crypto winter" presents an opportune moment for those eyeing access to innovative tech, intellectual property and talent in the emerging space.

" expensive, but you get the technology and product immediately.

This industry is like a treadmill - the only way to keep up on a treadmill is to keep running by investing in new technology.

M&A offer a short-cut to access an existing user base or community, Bajpai suggests, contributing to the perception that M&A deals are "The most viable and fastest way to grow" in the new space.

Other commentators have expressed similar views that the bear market is viewed as a favorable moment for institutional entry into the space; commenting on Twitter earlier this month, venture capital investor Garry Tan argued that the "Crypto winter [] makes it safer for super-long-term oriented Yale-model institutions to enter at a price that isn't dangerous."