Venture capital funding for crypto and blockchain companies has been breaking records in 2021. Here are top 10 biggest rounds and the companies that raised them.
#Crypto #Blockchain #Funding #Investment
#Crypto #Blockchain #Funding #Investment
Binance, the well-known crypto exchange across the globe, is introducing the launch of a venture capital fund of its own.
The company announces that it would raise &500 million for its initial start-up fund, with support from DST Global and Breyer Capital and also anonymous backing from family offices and corporations.
Web3 is a technological endeavor led by Binance Labs with the goal of creating a new internet based on blockchain technology that is decentralized and independent of other online platforms.
#Binance #Crypto #Funding #Web3 #Blockchain
The company announces that it would raise &500 million for its initial start-up fund, with support from DST Global and Breyer Capital and also anonymous backing from family offices and corporations.
Web3 is a technological endeavor led by Binance Labs with the goal of creating a new internet based on blockchain technology that is decentralized and independent of other online platforms.
#Binance #Crypto #Funding #Web3 #Blockchain
A quick review of #Gemini ! 📈
🔸The first licensed Ethereum exchange to operate in the US!
🔸After 4 years of its launch, it became the first #exchange in the world to receive a license to provide Zcash trading.
🔸Nearly $70.79 mn in Gemini’s trading volume over 24 hrs, and has grabbed 13.6 mn users across 60 countries.
🔸Founded by Tyler and Cameron Winklevoss in 2014 in New York.
🔸Now, Gemini has grown to more than $30 bn in trades yearly and also recorded $307 mn in #revenue in FY 2021.
🔸By partnering with the Samsung blockchain, Gemini enables Samsung wallet users to access the Gemini mobile app and even conduct crypto payments.
🔸Raising $400 mn in its first equity #funding brought the exchange valuation to $7.1 bn.
🔸Gemini’s offerings include a web exchange, Hedge Fund & Liquidity Services, Credit cards, wallet, Gemini prime, and much more.
🔗Read More : https://www.linkedin.com/feed/update/urn:li:activity:6970243852095946752
🔸The first licensed Ethereum exchange to operate in the US!
🔸After 4 years of its launch, it became the first #exchange in the world to receive a license to provide Zcash trading.
🔸Nearly $70.79 mn in Gemini’s trading volume over 24 hrs, and has grabbed 13.6 mn users across 60 countries.
🔸Founded by Tyler and Cameron Winklevoss in 2014 in New York.
🔸Now, Gemini has grown to more than $30 bn in trades yearly and also recorded $307 mn in #revenue in FY 2021.
🔸By partnering with the Samsung blockchain, Gemini enables Samsung wallet users to access the Gemini mobile app and even conduct crypto payments.
🔸Raising $400 mn in its first equity #funding brought the exchange valuation to $7.1 bn.
🔸Gemini’s offerings include a web exchange, Hedge Fund & Liquidity Services, Credit cards, wallet, Gemini prime, and much more.
🔗Read More : https://www.linkedin.com/feed/update/urn:li:activity:6970243852095946752
📈A quick review of the seventh-largest #crypto exchange Ripple(XRP) with a present market cap of 16.23 bn.
🔸#Ripple is the #blockchain-based digital payment network and protocol with its own cryptocurrency called XRP serving over 3 mn users worldwide.
🔸Founded by Chris Larsen and Jed McCaleb in 2012 in San Francisco.
🔸Ripple’s net sales have increased from $491 mn (Q3 2021) to $717 mn (Q4 2021) and recorded a #revenue of $110.6 mn in FY 2021.
🔸Currently, it has a circulating supply of 45.40 bn #XRP tokens and a max supply of 100 bn XRP tokens.
🔸Ripple’s offerings include Cross-border payments, #CBDC solutions, On-demand Liquidity services, and much more.
🔸To launch the On-Demand Liquidity payment service in Brazil, Ripple partnered with Travelex and plans to open up even more payment avenues in the coming months.
🔸Ripple has raised $293.8 mn in #funding over 14 rounds and has made 25 #investments.
🔗 Read More : https://www.linkedin.com/feed/update/urn:li:activity:6968887644621590528
🔸#Ripple is the #blockchain-based digital payment network and protocol with its own cryptocurrency called XRP serving over 3 mn users worldwide.
🔸Founded by Chris Larsen and Jed McCaleb in 2012 in San Francisco.
🔸Ripple’s net sales have increased from $491 mn (Q3 2021) to $717 mn (Q4 2021) and recorded a #revenue of $110.6 mn in FY 2021.
🔸Currently, it has a circulating supply of 45.40 bn #XRP tokens and a max supply of 100 bn XRP tokens.
🔸Ripple’s offerings include Cross-border payments, #CBDC solutions, On-demand Liquidity services, and much more.
🔸To launch the On-Demand Liquidity payment service in Brazil, Ripple partnered with Travelex and plans to open up even more payment avenues in the coming months.
🔸Ripple has raised $293.8 mn in #funding over 14 rounds and has made 25 #investments.
🔗 Read More : https://www.linkedin.com/feed/update/urn:li:activity:6968887644621590528
📈 Read about #FTX - One of the largest crypto exchanges globally handles 11% of the $2.4 tn in derivatives trading monthly.
🔸With 5+ mn active users, FTX has seen a 1500% increase in registrations in 2021.
🔸Founded by Gary Wang and Sam Bankmanand Fried in May 2019.
🔸Currently, FTX supports 300+ cryptos, 499 trading pairs, and 11 fiat currencies.
🔸#FTT (FTX’s native token) is used as collateral in futures trading and staking which has a circulating supply of 134.33 mn and a total supply of 345 mn.
🔸FTX’s daily trading volume was $10 bn and a market cap of $32 bn as of Feb 2022.
🔸Made #Partnerships with IndiGG, and AZA Finance to enter Indian, African, and European markets.
🔸FTX’s offerings include spot & margin trading, OTC trading, futures, NFTs, and a mobile app.
🔸Raised $3.7 bn in 7 #funding rounds and made 20 #investments.
🔗Read More : https://www.linkedin.com/feed/update/urn:li:activity:6971050506601324544
🔸With 5+ mn active users, FTX has seen a 1500% increase in registrations in 2021.
🔸Founded by Gary Wang and Sam Bankmanand Fried in May 2019.
🔸Currently, FTX supports 300+ cryptos, 499 trading pairs, and 11 fiat currencies.
🔸#FTT (FTX’s native token) is used as collateral in futures trading and staking which has a circulating supply of 134.33 mn and a total supply of 345 mn.
🔸FTX’s daily trading volume was $10 bn and a market cap of $32 bn as of Feb 2022.
🔸Made #Partnerships with IndiGG, and AZA Finance to enter Indian, African, and European markets.
🔸FTX’s offerings include spot & margin trading, OTC trading, futures, NFTs, and a mobile app.
🔸Raised $3.7 bn in 7 #funding rounds and made 20 #investments.
🔗Read More : https://www.linkedin.com/feed/update/urn:li:activity:6971050506601324544