CoinGecko, a prominent cryptocurrency market data and analytics firm, is considering a sale at a valuation of about $500 million, according to two people familiar with the matter.
The company has appointed investment bank Morris to advise it on the sale, people familiar with the matter said. The people spoke on condition of anonymity because the matter is private.
Another person said the process only began late last year and it was too early to determine a valuation.
CoinGecko did not respond to a request for comment by the time of publication.. Mr. Morris declined to comment.
The company is considering a sale as crypto trading has accelerated over the past year, with record deal values and volumes confirming market consolidation as companies seek scale, regulated infrastructure and strategic assets.
In 2025 alone, disclosed M&A activity in the cryptocurrency sector will reach approximately $8.6 billion, with a record 133 deals completed, more than the previous four years combined, according to Pitchbook data.
Major deals last year included Coinbase's (COIN) acquisition of Deribit for $2.9 billion and Kraken's acquisition of NinjaTrader for $1.5 billion, as well as a series of smaller strategic acquisitions across payments, data, infrastructure, and trading platforms.
This surge reflects a broader shift from opportunistic trading to targeted consolidation and expansion as regulatory clarity improves and institutional participation increases.
Binance, the world's largest crypto exchange by trading volume, is one of the most visited and influential crypto market data aggregators and completed its acquisition of CoinMarketCap, a CoinGecko peer, in April 2020. The deal reportedly valued the stock and BNB tokens at up to $400 million.
CoinGecko was founded in 2014 by TM Lee and Bobby Ong.
read more: Tether is said to have invested up to $50 million in Ledn, a crypto lender valued at $500 million.
