Polymarket and others: Crypto companies raise $3.9 billion
- Crypto companies raised nearly $4 billion in funding in October, according to data from the on-chain platform DefiLlama.
- This means that October has recorded the highest financing volume of the year so far.
- The annual volume rose to over 21 billion US dollars – almost double that of the previous year. Analysts expect the total to exceed 25 billion US dollars by the end of the year.
- The funds are distributed among 83 companies: Almost 75 percent of the money went to three companies:
- Firstly, in terms of speed. The blockchain startup, which aims to modernize payment transactions, raised $500 million in a Series A funding round.
- An additional 300 million US dollars went to Kalshi, whose event betting platform also attracted VC heavyweights such as Andreessen Horowitz and Sequoia.
- However, Polymarket received the lion's share. The burgeoning prediction market received $2 billion in funding from the Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE), at the beginning of October.
Private investors cannot participate in these mostly closed funding rounds. However, they can share in the success of Bitcoin and other cryptocurrencies through Coinbase. The crypto exchange is giving new customers €30 in BTC after they have previously invested €30 in any cryptocurrency. Sign up now.
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Sources:
- Crypto funding data on DefiLlama
Eine Quelle: btc-echo.de
