Cryptocurrency market data platform CoinGecko is exploring a potential sale at a valuation around $500 million, according to people familiar with the matter.
The Malaysia-based company has hired investment bank Moelis to advise on the process, which began late last year.
CoinGecko, along with competitor CoinMarketCap, operates one of the industry's most-visited data platforms tracking real-time prices, trading volumes and market capitalizations across thousands of digital assets.
The company did not respond to requests for comment, and Moelis declined to comment.
What Happened
Investment discussions remain in early stages, with one source noting it's too soon for a definitive valuation.
The potential transaction would mark one of the most significant data platform exits in crypto infrastructure since Binance deal with CoinMarketCap in April 2020 for a reported $400 million in cash and BNB tokens.
Founded in 2014 by TM Lee and Bobby Ong, CoinGecko has established itself as a core resource for retail traders, institutional analysts and developers seeking comprehensive market data.
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Why It Matters
The move comes as crypto merger and acquisition activity reached unprecedented levels in 2025.
Disclosed transactions totaled approximately $8.6 billion across 133 deals through November, surpassing the combined total of the previous four years, according to PitchBook data.
Major exchanges have led consolidation efforts, with Coinbase acquiring derivatives platform Deribit for $2.9 billion and Kraken purchasing futures trading platform NinjaTrader for $1.5 billion.
This surge reflects an industry-wide shift from opportunistic deals toward strategic acquisitions of regulated infrastructure, data assets and institutional-grade platforms.
Companies increasingly seek scale and compliance capabilities as regulatory frameworks stabilize and institutional participation expands, particularly following improved clarity from U.S. regulators.
For data platforms like CoinGecko, the competitive landscape has intensified as exchanges pursue vertical integration and artificial intelligence tools reshape how users access market information.
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