The volume of venture investments in crypto fell by 40%

by in Cryptocurrency News

Venture investments

Since the beginning of 2020, the total amount of venture capital investments in the crypto industry has decreased by about 40% compared to the previous similar period.

Since the beginning of this year, projects have raised $ 275 million: in the first quarter of 2019, this figure amounted to $ 449 million. Transactions less than $ 1 million were excluded from the calculations.

“And although there are still two weeks left until the end of this quarter, it can be assumed that no high-profile statements will be made in the industry during this time due to coronavirus,” writes analyst Ryan Todd.

Volumes of venture investments in the crypto industry in the first quarters of 2019 and 2020

It is remarkable that if we take the 15 hugest transactions in 2019 and 2020, the total amount of financing attracted by the projects will be approximately the same.

Trending: Pakistani authorities will collect taxes from traders and crypto companies

The table below shows the vastest deals in the first quarter of 2020:

As you can see, investors preferred cryptocurrency wallets, custodian, and landing services.

The following table summarizes the largest venture capital deals in the first quarter of 2019:

Trending: Celsius Mining files for IPO

We also note that more and more corporations are considering an IPO in the next 12 months.

Among them are the most famous US cryptocurrency company Coinbase, the social trading platform eToro, the Chinese mining giant Bitmain, the most comprehensive wallet provider Blockchain, the fintech company Ripple, the analytical service CipherTrace and other organizations.