CoinGecko reportedly exploring sale at $500M valuation

Cryptocurrency data platform CoinGecko is exploring a sale at a potential valuation of around $500 million, CoinDesk reported. Global investment bank Moelis is advising on the process. Citing an anonymous source, the report noted that the sale process began late last year and the final valuation has not yet been confirmed. The move comes amid a growing trend of mergers and acquisitions within the cryptocurrency industry.