US ‘Dominates’ Crypto Startup Funding In Q2
Despite regulatory scrutiny in the US, crypto firms continue to innovate, with roughly half of all capital investments going to US crypto enterprises, according to a recent research.
The survey, published on July 14 by crypto investment firm Galaxy Digital, indicated that U.S.-based crypto businesses had a big share of interest from venture capital (VC) organizations.
“US-based crypto startups accounted for more than 43% of all completed deals and raised more than 45% of the capital invested by VC firms.”
The United Kingdom received 7.7% of capital investment, while Singapore received 5.7% and South Korea received 5.4%, respectively.
However, the overall amount of cash invested in crypto and blockchain firms has continued to fall from quarter to quarter.
(With inputs from Shikha Singh)
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