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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
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
A quick review of #Gemini ! ๐Ÿ“ˆ

๐Ÿ”ธThe first licensed Ethereum exchange to operate in the US!

๐Ÿ”ธAfter 4 years of its launch, it became the first #exchange in the world to receive a license to provide Zcash trading.

๐Ÿ”ธNearly $70.79 mn in Geminiโ€™s trading volume over 24 hrs, and has grabbed 13.6 mn users across 60 countries.

๐Ÿ”ธFounded by Tyler and Cameron Winklevoss in 2014 in New York.

๐Ÿ”ธNow, Gemini has grown to more than $30 bn in trades yearly and also recorded $307 mn in #revenue in FY 2021.

๐Ÿ”ธBy partnering with the Samsung blockchain, Gemini enables Samsung wallet users to access the Gemini mobile app and even conduct crypto payments.

๐Ÿ”ธRaising $400 mn in its first equity #funding brought the exchange valuation to $7.1 bn.

๐Ÿ”ธGeminiโ€™s offerings include a web exchange, Hedge Fund & Liquidity Services, Credit cards, wallet, Gemini prime, and much more.

๐Ÿ”—Read More : https://www.linkedin.com/feed/update/urn:li:activity:6970243852095946752
๐Ÿ“ˆA quick review of the seventh-largest #crypto exchange Ripple(XRP) with a present market cap of 16.23 bn.

๐Ÿ”ธ#Ripple is the #blockchain-based digital payment network and protocol with its own cryptocurrency called XRP serving over 3 mn users worldwide.

๐Ÿ”ธFounded by Chris Larsen and Jed McCaleb in 2012 in San Francisco.

๐Ÿ”ธRippleโ€™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.

๐Ÿ”ธCurrently, it has a circulating supply of 45.40 bn #XRP tokens and a max supply of 100 bn XRP tokens.

๐Ÿ”ธRippleโ€™s offerings include Cross-border payments, #CBDC solutions, On-demand Liquidity services, and much more.

๐Ÿ”ธTo 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.

๐Ÿ”ธRipple has raised $293.8 mn in #funding over 14 rounds and has made 25 #investments.

๐Ÿ”— Read More : https://www.linkedin.com/feed/update/urn:li:activity:6968887644621590528
๐Ÿ“ˆ Read about #FTX - One of the largest crypto exchanges globally handles 11% of the $2.4 tn in derivatives trading monthly.

๐Ÿ”ธWith 5+ mn active users, FTX has seen a 1500% increase in registrations in 2021.

๐Ÿ”ธFounded by Gary Wang and Sam Bankmanand Fried in May 2019.

๐Ÿ”ธCurrently, FTX supports 300+ cryptos, 499 trading pairs, and 11 fiat currencies.

๐Ÿ”ธ#FTT (FTXโ€™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.

๐Ÿ”ธFTXโ€™s daily trading volume was $10 bn and a market cap of $32 bn as of Feb 2022.

๐Ÿ”ธMade #Partnerships with IndiGG, and AZA Finance to enter Indian, African, and European markets.

๐Ÿ”ธFTXโ€™s offerings include spot & margin trading, OTC trading, futures, NFTs, and a mobile app.

๐Ÿ”ธRaised $3.7 bn in 7 #funding rounds and made 20 #investments.


๐Ÿ”—Read More : https://www.linkedin.com/feed/update/urn:li:activity:6971050506601324544
๐ŸŒHow #Chainlink become the top decentralized oracle network in almost every #cryptocurrency project?

๐Ÿ”ธNearly 1000s of applications use Chainlink every day!

๐Ÿ”ธFounded by Sergey Nazarov and Steve Ellis in June 2017 in the Cayman Islands.

๐Ÿ”ธOffers tamper-proof inputs, outputs, and computations to access #smart contracts on any #blockchain.

๐Ÿ”ธ#Link is the native coin of Chainlink used to pay node operators for providing data to smart contracts.

๐Ÿ”ธPresently, it has $453 mn Link tokens in circulation and a maximum supply limit of $1 bn link tokens.

๐Ÿ”ธMany #Defi projects, like Aave, Compound, and dYdX, formerly use Chainlink, and it recently became the first #EVM substitute to run on the Solana network.

๐Ÿ”ธRaised $32 mn in 4 #funding rounds and recently made an #investment in DLC. Linkโ€™s Pre-seed round.

๐Ÿ”ธMultiple top businesses have integrated Chainlink including GSR, Cardano, and Elwood Technologies.

๐Ÿ”—Read More: https://www.linkedin.com/feed/update/urn:li:activity:6972903322357813248
๐ŸŒHow did #Polygon become the first to address the major issues associated with #Ethereum?

๐Ÿ”ธDo you know? More than 19,000 #Dapps are using Polygon and can process up to 72K transactions per second on each side chain.

๐Ÿ”ธPolygon is the decentralized Ethereum scaling platform to create & collaborate with Dapps.

๐Ÿ”ธFounded by Anurag Arjun, Jaynti Kanani, Mihailo Bjelic, and Sandeep Nailwal in 2017.

๐Ÿ”ธ#Matic is a polygonโ€™s native token used to manage and secure the network by staking and interacting with dApps.

๐Ÿ”ธAs of Apr 2022, Matic was the 18th largest #crypto asset with a market cap of $11.3 bn.

๐Ÿ”ธPolygonโ€™s offerings include Zk-based ID platforms, Nightfall solution, wallet, API, Bridge widget, and Bridge API.

๐Ÿ”ธRaised $451.5 mn in 7 #funding rounds and made 15 #investments in businesses including Mighty Bear Games, Optic, and Fanclash.

๐Ÿ”—Read More: https://www.linkedin.com/feed/update/urn:li:activity:6973247426363097088
๐Ÿ“ˆAre you willing to start and enjoy crypto trading, consider #Huobi, one of Chinaโ€™s top 3 #crypto exchanges and top 9 worldwide?

๐Ÿ”ธFounded by Jun Du and Leon Li in 2013 in Seychelles.

๐Ÿ”ธHuobiโ€™s #offerings include Spot trading, P2P trading, Futures, Options, Margin, OTC market, staking, Huobi earn, a mobile app, wallet, and mining pools.

๐Ÿ”ธHuobi's #revenue as of July 2022 was $110.1 mn, an increase of 0.18% from June 2022's $91.7 mn.

๐Ÿ”ธIntegrated #Pyth network, an oracle solution to offer financial data (Price feeds) for its Defi ecosystem.

๐Ÿ”ธRaised $2 mn in 5 #funding rounds and has made nearly 35 #investments.

๐Ÿ”ธAcquired 3 organizations; Bitex, BitTrade, and Huobi technology.

๐Ÿ”ธRecently partnered with Chiliz to launch Fan Token Zone, and also hosted a special PrimeBox event with a 2 mn USDT prize pool.

๐Ÿ”—Read More: https://www.linkedin.com/feed/update/urn:li:activity:6974992891874082816
๐ŸŒHave you heard? Employees can get paid in #cryptocurrencies!

โ–บ With ZenGo apart from having the most secure #wallet, users can even earn up to an 8% yield on their #crypto holdings.

โ–บ Founded by Gary Benattar, Omer Shlomovits, Ouriel Ohayon, and Tal Be'ery in July 2018 in Tel Aviv, Israel.

โ–บ #ZenGoโ€™s offerings include a crypto wallet, crypto card, lending, and #Ethereum staking.

โ–บ Raised $48 mn in 4 #funding rounds and some of the lead investors were Insight Partners, Samsung Next, and HashKey Capital.

โ–บ Letโ€™s have a glance at the PPT slides for an in-depth idea.

๐Ÿ”— Read More: https://www.linkedin.com/feed/update/urn:li:activity:6975445620685770752
๐Ÿ“ˆ Do you know? Kraken Digital Asset Exchange was among the first few #crypto exchanges to offer spot trading, derivatives, and index products.

๐Ÿ”ธ Ranked 4th largest crypto #exchange based on traffic, liquidity, and trading volumes.

๐Ÿ”ธ Nearly 1000% increase in sign-ups in 2021! Over a $207+ bn quarterly trading #volume!

๐Ÿ”ธ Founded by Jesse Powell in July 2011 in California.

๐Ÿ”ธ Nearly 185+ cryptos, 130+ #trading pairs, and 7 fiat currencies are available for trading.

๐Ÿ”ธ Kraken's #revenue in FY 2021 was $25.7 mn, more than 100% growth compared to 2020.

๐Ÿ”ธ Krakenโ€™s offerings include margin trading, staking, futures, OTC, proof of reserves, #KrakenPro, #CryptoWatch, and API.

๐Ÿ”ธ Recently, RAKBANK partnered with #Kraken to revolutionize crypto trading in the UAE.

๐Ÿ”ธ Raised $132.6 mn in 15 #funding rounds from 2B Global Capital, VentureGarage, and others.

๐Ÿ”— Read More : https://www.linkedin.com/feed/update/urn:li:activity:6976898421060222976
๐Ÿš€ Do you know? 1 out of every 4 crypto holders is with KuCoin Exchange! Are you also the one?

๐Ÿ”ธ The number of transactions per day on #Kucoin exceeded $11 bn.

๐Ÿ”ธ KuCoin is the top 6 #crypto exchange with a 24-hr trading volume of $979. 19 mn.

๐Ÿ”ธ Founded in Sep 2017 by KuCoin Micheal Gan and Kent Li.

๐Ÿ”ธ Kucoinโ€™s offerings include spot & margin trading, P2P trading, Futures, #Staking, NFT marketplace, #Kucoin wallet, an app, etc.

๐Ÿ”ธ The first Centralized Exchange to launch an #NFT ETF trading zone to support #Blue-Chip NFT Investments.

๐Ÿ”ธ Attracted 6 mn new users from Asia, the Middle East & Africa, and Europe in Q1 2022, nearly 491% YOY user growth.

๐Ÿ”ธ Made #partnerships with Talos, Coinrule (YC S21), Fanz, and Bit.Country & Metaverse.Network.

๐Ÿ”ธ Raised $180 mn in 3 #funding rounds from SIG, Jump Crypto, Circle, IDG Capital, and more.

๐Ÿ”— Read More: https://www.linkedin.com/feed/update/urn:li:activity:6977607929159974912
๐Ÿš€ Here is the Bitstamp review, the 10th largest #crypto exchange by spot trading with a daily trading volume of $293.05 mn.

โ–ช๏ธ Founded in Aug 2011, one of the longest-running crypto #CEXs serves about 4 mn users across 100+ countries.

โ–ช๏ธ #Bitstampโ€™s founders are Damian Merlak and Nejc Kodriฤ.

โ–ช๏ธ Users have access to 78 cryptos, 170+ #trading pairs, and 3 fiat currencies.

โ–ช๏ธ Bitstampโ€™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.

โ–ช๏ธ Bitstamp's offerings include a #Desktop interface, #Mobile app, Bitstamp #Earn, #API connectivity, etc.

โ–ช๏ธ Bitstamp has raised $12.4 mn in 2 #funding rounds and has made 3 investments including Thalex.

๐Ÿ”— Read More : https://www.linkedin.com/feed/update/urn:li:activity:6980871710321381376
๐ŸŒ Owning #Crypto is not a big deal; however, keeping it safe from hackers is.

๐Ÿ”น Check out Ledger, one of the Top five #hardware crypto wallets, which is also recommended by Forbes, Bloomberg, and TechCrunch.

๐Ÿ”น Offers Ledger Nano S Plus, Ledger Nano X, and Ledger Live app to store and secure crypto assets offline.

๐Ÿ”น With 4 mn users and a #valuation of $1.5 bn, Ledger hit $20.7 mn revenue in FY 2021.

๐Ÿ”น Raised $468 mn in 7 #funding rounds and has made 3 investments including Flowdesk, Kaizan, and Starton.

๐Ÿ”— 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