Ripple plans to acquire Circle, will it change the crypto landscape?

Jakarta, Pintu News – In a Q&A session on YouTube, Charles Hoskinson, founder of Cardano, discussed the potential acquisition of Circle by Ripple. Hoskinson thinks that the acquisition will bring about positive changes in the crypto industry, despite the antitrust concerns raised.

Charles Hoskinson’s Opinion on Acquisition

Charles Hoskinson expressed his support for Ripple’s acquisition of Circle. According to him, this will help break up existing monopolies and increase diversity in the crypto space. “There is a sort of Coinbase-a16z-Circle mafia that has built their own ecosystem. If you’re not in that circle, you’re going to have a hard time getting access to their services,” Hoskinson said.

He believes that Ripple could be a better custodian than the parties currently controlling Circle. According to a Bloomberg report, Circle has rejected Ripple’s $5 billion acquisition offer as too low. However, Hoskinson revealed that Ripple is willing to pay up to $11 billion to acquire Circle, a move that shows Ripple is serious about changing the market dynamics.

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Concurrency in the Acquisition Process

Ripple is not the only party interested in acquiring Circle. Coinbase is also reported to have a strong interest in acquiring the fintech company. According to Fortune, the historical proximity between Coinbase and Circle might give Coinbase an edge in negotiations. However, Ripple’s desire to expand its influence in the crypto market through this acquisition cannot be underestimated.

Circle itself had filed for an IPO in early April, indicating that it still plans to go public. Despite reports of acquisition talks, the move to IPO still seems to be a priority for Circle. This situation adds complexity to the dynamic between Ripple, Coinbase, and Circle in the context of the broader crypto market.

Market Reaction and Implications

Gabriel Shapiro, founder of MetaLeX Labs, has a very different view. He said that Ripple’s acquisition of Circle could trigger a “crypto apocalypse.” However, Shapiro also thinks that the deal will most likely fail to meet antitrust requirements.

These opinions indicate serious concerns about the consolidation of power in the already highly centralized crypto industry. The dynamic and fast-changing crypto market is always full of speculation and predictions. Whether or not this acquisition will happen, its impact on the market and regulation will be a topic of continued discussion among investors and industry observers.

Conclusion

With all the speculation and potential changes that this acquisition could bring, the eyes of crypto market participants are on the next move of Ripple and Circle. Whether this merger will change the power map in the crypto world or be stalled by regulatory barriers, only time will tell.

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Reference

• U.Today. Cardano Founder Says Ripple Would Make Space Better by Buying Circle. Accessed on May 26, 2025
• Featured Image: Generated by AI