CoinGecko Starts Exploring Full Company Sale Valued at $500 Million

TLDR

• CoinGecko is exploring a potential $500 million sale and has appointed Moelis & Company as its financial advisor.
• The sale discussions began in late 2024 and remain ongoing, with no final valuation confirmed yet.
• Crypto M&A activity hit $8.6 billion in 2025, with 133 deals closed, exceeding the total of the past four years combined.
• Major acquisitions in 2025 included Coinbase buying Deribit for $2.9B and Kraken acquiring NinjaTrader for $1.5B.
• Binance’s 2020 acquisition of CoinMarketCap for $400 million serves as a precedent for CoinGecko’s current market position.

CoinGecko is exploring a potential sale, targeting a valuation of around $500 million, according to three sources familiar with the matter, and the process began late last year, with investment bank Moelis appointed to advise on the deal, though both firms declined to comment on the situation, which remains private.

CoinGecko Engages Moelis to Evaluate Sale Opportunity

CoinGecko has initiated early talks for a sale while crypto M&A volume continues to rise across the sector. The company reportedly brought in investment bank Moelis to handle advisory roles in the potential transaction process.

Two people familiar with the matter stated that the company aims for a $500 million valuation. However, a third source suggested that it may still be early for a final valuation to be established.

The process started late last year, and discussions remain ongoing with no guarantee of outcome yet. CoinGecko did not respond to media inquiries before publication.

Moelis also declined to comment when approached. All three individuals requested anonymity due to the private nature of the discussions.

Crypto M&A Volume Surges in 2025

The crypto sector saw a rise in dealmaking, with disclosed M&A reaching $8.6 billion in 2025 alone. A record 133 deals were finalized, exceeding the previous four years combined, based on PitchBook data.

Companies have increasingly focused on acquiring strategic assets and scaling their operations. This trend follows growing institutional interest and improved regulatory clarity across jurisdictions.

Coinbase acquired Deribit for $2.9 billion in one of the year’s largest transactions. Kraken followed with its $1.5 billion purchase of NinjaTrader, strengthening its derivatives exposure.

These deals highlight a growing preference for targeted acquisitions over opportunistic purchases. Payments, data, and infrastructure firms attracted substantial buyer interest.

Binance’s CoinMarketCap Deal Sets Precedent

In 2020, Binance acquired CoinMarketCap, CoinGecko’s main rival, for a reported value of up to $400 million. The deal was paid through a combination of equity and BNB tokens.

That acquisition solidified Binance’s position in crypto data aggregation and marked a key moment in industry consolidation. CoinMarketCap remains a heavily visited crypto data platform today.

CoinGecko, founded in 2014 by TM Lee and Bobby Ong, has become one of the industry’s most-used market data sites. It competes closely with CoinMarketCap across traffic and analytics tools.

The company has not confirmed if it will proceed with a deal or retain its independence. The situation remains fluid as discussions continue privately.

The post CoinGecko Starts Exploring Full Company Sale Valued at $500 Million appeared first on Blockonomi.