As the cryptocurrency industry evolves, major players such as Binance, Coinbase, and Kraken reevaluate their startup support strategies. This shift comes as the market experiences a decline in crypto venture funding and increased regulatory scrutiny.
These crypto heavyweights are adjusting their investment focus, exploring international opportunities, and prioritizing startups with tangible products and revenue.
Crypto Venture Funding Plummets
According to a report by Bloomberg, Coinbase Global, known for being a significant investor in the cryptocurrency realm, has witnessed a decline in its investing activity in recent months.
This slowdown aligns with an industry-wide trend as corporate venture capital arms reduce their investments in crypto companies. In the third quarter of this year, overall crypto venture funding dropped by 63% to $2 billion compared to last year’s period.
Coinbase Ventures, the venture arm of Coinbase, has adjusted its investment strategy to focus on star
We współpracy z: https://bitcoinist.com/crypto-giants-coinbase-binance-kraken-strategies/
