CoinGecko Explores $500 Million Sale After 12 Years as Independent Company
Malaysia-based crypto data platform CoinGecko is weighing a potential sale after operating independently for nearly 12 years. The company has enlisted investment bank Moelis to advise on the process, signaling a possible pivot toward traditional institutional buyers.
CEO Bobby Ong confirmed the company regularly evaluates strategic opportunities but declined to comment on specific deals. "We're growing, profitable, and seeing increasing demand from institutions as traditional finance embraces crypto," Ong stated via social media.
Three sources familiar with the matter suggest CoinGecko is targeting a $500 million valuation. Founded in 2014 as a bootstrapped startup by Ong and TM Lee, the company didn't hire beyond its two founders until 2018 and has never taken external funding.
The selection of Moelis—a Wall Street heavyweight with over $5 trillion in facilitated transactions—hints at ambitions beyond the crypto-native space. Discussions began in late 2024, though valuation remains fluid at this early stage.