Share this article
CoinShares Acquires Crypto Investment Provider Napoleon for $15.7M
The transaction is expected to be completed this month.
Updated May 11, 2023, 5:51 p.m. Published Dec 1, 2021, 9:52 a.m.
Digital asset manager CoinShares agreed to buy French crypto investment product provider Napoleon Crypto SAS for €13.9 million ($15.7 million) in cash and stock.
- CoinShares will issue 363,636 new shares at €10.80 ($12.25) each to complete the deal, the company announced Wednesday.
- The deal is expected to be completed in the second week of December.
- Napoleon provides prebuilt, noncustodial crypto portfolios catering to different investment goals. The portfolios are integrated with such exchanges as Binance, Bitfinex, Bitstamp and FTX.
- Jersey-based CoinShares trades on the Nasdaq First North Growth Market. Its assets under management stood at £2.9 billion ($3.9 billion) at the end of September.
Read more: Invesco India and CoinShares to Launch ‘Feeder Fund’ of Blockchain Stocks
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Buck launches bitcoin-linked ‘savings coin’ tied to Michael Saylor’s Strategy
The new governance token targets a roughly 7% annual yield funded by income from Strategy’s bitcoin-linked preferred stock.
What to know:
- Buck Labs has launched the Buck crypto token, designed as a yield-bearing savings coin for users seeking returns on dollar-denominated crypto holdings.
- The token is backed by Strategy shares and offers rewards targeted at around 7% annually, with returns accruing minute-by-minute.
- Buck is structured as a governance token, allowing holders to vote on reward distribution, and is initially intended for non-U.S. users.
Top Stories
