The French crypto ecosystem has entered a consolidation phase since the European MiCA regulation came into force. Several major acquisitions have taken place: Alphacap Digital Assets acquired Mon Livret C’s investor portfolio, Coinhouse bought Tilvest, Kaiko purchased Cometh, and Qwarks took over Ouro Capital’s client base. The latter operation enabled Qwarks to add around 60 new partners and over 6 million euros in assets under management. MiCA is acting as an accelerator for this market concentration, with already-licensed players able to absorb smaller structures that prefer to sell rather than continue operating independently.
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