Global Crypto Firms Raise Record $ 6.6 Billion in September Quarter

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The total amount of funding from global blockchain companies hit a record $ 6.586 billion in the September quarter, nearly double that raised in all of 2020, according to the news platform. in the Blockdata marketplace.

In 2020, a total of $ 3.80 billion was raised by blockchain companies. The fund raised in the June quarter also hit a record high.

In August, CoinDCX had raised $ 90 million as part of its Series C funding round, led by Facebook co-founder Eduardo Saverins B Capital Group, along with other investors.

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According to Blockdata, in total there were 339 rounds of funding during the quarter.

At the top is the FTX Exchange, with its massive $ 900 million fundraising round in July. At the same time, it is the biggest funding round ever for a blockchain company to date, ”the market intelligence platform wrote in a blog.

FTX Trading Ltd, owner and operator of FTX.COM, a cryptocurrency exchange, announced in July that it was closing a $ 900 million Series B fundraiser, valuing the company at $ 18 billion. This new funding round will expand FTX’s global presence, accelerate business growth, and represent one of the biggest increases for a crypto company.

With over a million users and an average daily transaction volume of over $ 10 billion, FTX is one of the world’s leading crypto exchanges.

Besides FTX Exchange, several other companies have been able to attract hundreds of millions of capital, such as Sorare, Genesis Digital Assets, Fireblocks, BitPanda, FalconX and Blockstream.

The second largest fundraiser during the quarter was carried out by Sorare. The fantasy football platform had raised $ 680 million in Series B funding led by Softbank in September.

Genesis Digital Assets, an American Bitcoin mining company, announced the third largest fundraiser of $ 431 million. Also in July, the company had raised $ 125 million.

Next Fireblocks raised $ 310 million in the quarter, followed by Bitpanda at $ 263 million.

According to Blockdata, Coinbase Ventures was the most active in terms of participation in blockchain funding rounds (18). Notably, Coinbase Ventures has invested in FTX Exchange and CoinDCX, two cryptocurrency exchanges like Coinbase.

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