📈 Do you know? Kraken Digital Asset Exchange was among the first few #crypto exchanges to offer spot trading, derivatives, and index products.

🔸 Ranked 4th largest crypto #exchange based on traffic, liquidity, and trading volumes.

🔸 Nearly 1000% increase in sign-ups in 2021! Over a $207+ bn quarterly trading #volume!

🔸 Founded by Jesse Powell in July 2011 in California.

🔸 Nearly 185+ cryptos, 130+ #trading pairs, and 7 fiat currencies are available for trading.

🔸 Kraken's #revenue in FY 2021 was $25.7 mn, more than 100% growth compared to 2020.

🔸 Kraken’s offerings include margin trading, staking, futures, OTC, proof of reserves, #KrakenPro, #CryptoWatch, and API.

🔸 Recently, RAKBANK partnered with #Kraken to revolutionize crypto trading in the UAE.

🔸 Raised $132.6 mn in 15 #funding rounds from 2B Global Capital, VentureGarage, and others.

🔗 Read More : https://www.linkedin.com/feed/update/urn:li:activity:6976898421060222976

🚀 Do you know? 1 out of every 4 crypto holders is with KuCoin Exchange! Are you also the one?

🔸 The number of transactions per day on #Kucoin exceeded $11 bn.

🔸 KuCoin is the top 6 #crypto exchange with a 24-hr trading volume of $979. 19 mn.

🔸 Founded in Sep 2017 by KuCoin Micheal Gan and Kent Li.

🔸 Kucoin’s offerings include spot & margin trading, P2P trading, Futures, #Staking, NFT marketplace, #Kucoin wallet, an app, etc.

🔸 The first Centralized Exchange to launch an #NFT ETF trading zone to support #Blue-Chip NFT Investments.

🔸 Attracted 6 mn new users from Asia, the Middle East & Africa, and Europe in Q1 2022, nearly 491% YOY user growth.

🔸 Made #partnerships with Talos, Coinrule (YC S21), Fanz, and Bit.Country & Metaverse.Network.

🔸 Raised $180 mn in 3 #funding rounds from SIG, Jump Crypto, Circle, IDG Capital, and more.

🔗 Read More: https://www.linkedin.com/feed/update/urn:li:activity:6977607929159974912

🚀 Here is the Bitstamp review, the 10th largest #crypto exchange by spot trading with a daily trading volume of $293.05 mn.

▪️ Founded in Aug 2011, one of the longest-running crypto #CEXs serves about 4 mn users across 100+ countries.

▪️ #Bitstamp’s founders are Damian Merlak and Nejc Kodrič.

▪️ Users have access to 78 cryptos, 170+ #trading pairs, and 3 fiat currencies.

▪️ Bitstamp’s #revenue as of July 2022 was $46.4 mn and in 2021, saw a 6.6% increase in total revenue from $51.89 mn to $55.35 mn.

▪️ Bitstamp's offerings include a #Desktop interface, #Mobile app, Bitstamp #Earn, #API connectivity, etc.

▪️ Bitstamp has raised $12.4 mn in 2 #funding rounds and has made 3 investments including Thalex.

🔗 Read More : https://www.linkedin.com/feed/update/urn:li:activity:6980871710321381376

🌐 Owning #Crypto is not a big deal; however, keeping it safe from hackers is.

🔹 Check out Ledger, one of the Top five #hardware crypto wallets, which is also recommended by Forbes, Bloomberg, and TechCrunch.

🔹 Offers Ledger Nano S Plus, Ledger Nano X, and Ledger Live app to store and secure crypto assets offline.

🔹 With 4 mn users and a #valuation of $1.5 bn, Ledger hit $20.7 mn revenue in FY 2021.

🔹 Raised $468 mn in 7 #funding rounds and has made 3 investments including Flowdesk, Kaizan, and Starton.

🔗 Read More: https://www.linkedin.com/feed/update/urn:li:activity:6993435364208123904

After starting out hot, 2022 proved to be a challenging year for the crypto industry, with the May collapse of #Terra triggering what analysts have deemed the latest #Cryptocurrency Winter.

Global #funding for VC-backed crypto #startups dropped from $8.8 billion in the first quarter of 2022 to $6.2 billion in the second quarter to around $3.4 billion in the third quarter.

Here is the list of the biggest #crypto fundings of 2022

As per CoinDesk data, Last month, private crypto startups saw a significant decline in venture capital and other investments, totaling $548 million compared to $6 billion in January 2022.

The number of transactions also declined from 166 to 62. The report reveals that most of the deals in 2023 were for early-stage companies with smaller investments.



#Crypto #Funding #DeFi #CeFi #Web3 #Investment

The landscape of crypto unicorns is more dynamic than ever!

Here's a snapshot of the top 10 giants leading the charge in the blockchain and cryptocurrency space in 2023, as presented by CoinPedia.

From exchange platforms to security services, these unicorns are redefining the financial frontier with impressive valuations and substantial VC backing.



#Unicorns #Blockchain #Crypto #Web3 #Coinpedia #Funding

#NibiruChain raises $12 million in #funding round, attracting significant investment from major backers. #CryptoNews

Funding aimed at rapid growth, enhancing developer tools, expanding versatility, and solidifying position in industry.
https://coinpedia.org/news/protocol-village-nibiru-chain-made-it-to-12-million/

#Bakkt Holdings, Inc. expresses confidence in operations despite SEC filing concerns about #funding. #cryptoNews

Bakkt emphasizes transparency, compliance, and commitment to clients, plans detailed #financial insights in upcoming earnings announcement.
https://coinpedia.org/news/bakkt-expresses-confidence-to-continue-business-despite-financial-uncertainty-in-previous-sec-filing/

Treasury Department official challenges Senator Warren's anti-#crypto narrative, citing flaws in terrorist #funding claims.

Senator Lummis opposes overregulation, warns against historic mistakes in crypto legislation based on flawed data. #CryptoNews
https://coinpedia.org/news/treasury-official-discredits-sen-warrens-crypto-terrorism-claims-undermining-legislative-efforts/

#Bitcoin breaks $63K, triggering short-liquidations; funding rate rises, signaling #bullish sentiment among traders.

Market cautious as history shows high #funding rates precede significant price drops; eyes on U.S. macroeconomic data.
https://coinpedia.org/price-analysis/bitcoin-funding-rates-surge-on-dydx-and-deribit-following-63k-breakout-will-bulls-avoid-a-top/