ANALYSIS

Massive investments show in which direction the crypto industry is moving

Blockchain apps. © Morthy Jameson on Unsplash

The investments in crypto startups and scale-ups are unbelievable. 2021 will be an absolute record year and will set the course for the entire industry in the next few years. Because this year it will be decided which infrastructure, which miners, which platforms and which DApps (decentralized applications) will prevail in the future.

If you look at the list of the largest funding rounds, it becomes clear how the industry will continue to develop. On the one hand, there is the core area around Bitcoin and the associated business models such as mining and trading, which remains highly relevant. In addition, the major trends that will shape the future of blockchain and in which the Austrian neobroker Bitpanda will also be at the forefront internationally have crystallized in 2021.

But first of all, here is the current list of the largest investments in the crypto industry:

Investment valuation Investors Vertical origin
FTX.com $ 900 million $ 18 billion Paradigm, Sequoia Capital, Thoma Bravo, SoftBank, Ribbit Capital, Insight Partners, Third Point, Lightspeed Venture Partners, Altimeter, BOND, NEA, Coinbase Ventures, Willoughby Capital, 40North, Senator Investment Group, Sino Global Capital, Multicoin, VanEck, Hudson River Trading, Circle Exchange Hong Kong
Sorare $ 680 million $ 4.3 million Softbank, Atomico, Bessemer Ventures, D1 Capital, Eurazeo, IVP, Liontree, Benchmark, Accel, Headline NFT-based fantasy sports Paris, FRA
Genesis digital assets $ 556 million (Series B: 431, Series C: 125)


Paradigm, New York Digital Investment Group, FTX, Ribbit Capital, Electric Capital, Kingsway Capital Crypto mining London, UK
Bitpanda $ 443 million 

(Series C: 263

Series B: 180)

$ 4.1 billion Valar Ventures, partner of DST Global Neobroker Vienna, AUT
Circle $ 440 million $ 4.5 billion Digital Currency Group, Fidelity Management, FTX Stablecoins Boston, USA
Blockchain.com $ 420 million 

(Series B: 120

Series C: 300)

$ 5.2 billion DST Global, Lightspeed Venture Partners, VY Capital, Google Ventures Crypto wallet / broker London, UK
Ledger $ 380 million $ 1.5 billion  10T Holdings, Cathay Innovation, Draper Esprit, Draper Associates, Draper Dragon, DCG, Korelya Capital, Wicklow Capital Crypto Wallet (Hardware) Paris, France
BlockFi $ 350 million $ 3 billion Valar Ventures, Galaxy Digital, Fidelity, Akuna Capital, SoFi, Coinbase Ventures Crypto Lending New York, USA
Solana Labs $ 314 million tba. Andreessen Horowitz, Polychain Capital, Alameda Research, Blockchange Ventures, CMS Holdings, Coinfund, CoinShares, Collab Currency, Memetic Capital Blockchain San Francisco, USA
Fireblocks $ 310 million $ 2.2 billion Sequoia Capital, Stripes, Spark Capital, Coatue, DRW VC, SCB 10X Infrastructure New York, USA
Dapper Labs $ 555 million (305 + 250)
$ 2.6 billion Coatue, Andreessen Horowitz, GV, and Version One Ventures, Bond, GIC, Michael Jordan, Kevin Durant, Ashton Kutcher, Shawn Mendes, Will Smith NFT Vancouver, Canada
Bullish $ 300 million 

(+ crypto assets)

tba. Peter Thiel (Thiel Capital and Founders Fund), Alan Howard, Louis Bacon (Moore Capital), Richard Li (Pacific Century Group), Christian Angermayer (Apeiron Investment Group, Cryptology Asset Group), Galaxy Digital, Nomura Exchange tba.
Paxos $ 300 million $ 2.4 billion Oak HC / FT Declaration Partners, PayPal Ventures, Mithril Capital, Senator Investment Group, Liberty City Ventures, WestCap, Bank of America, Founders Fund, Coinbase Ventures, FTX Blockchain Infra New York, USA
Bitso $ 250 million $ 2.2 billion Tiger Global, Coatue, Paradigm, BOND, Valor Capital Group, QED, Pantera Capital, Kaszek Exchange Mexico City, MEX
BitDAO $ 230 million (+ crypto assets) tba. Peter Thiel, Founders Fund, Dragonfly Capital, Pantera Capital, Alan Howard (Spartan Group), Jump Capital, Fenbushi or Kain Warwick (Synthetix) DeFi tba.
Avalanche $ 230 million tba. Polychain, Three Arrows Capital, R / Crypto Fund, Dragonfly, CMS Holdings, Collab + Currency, Lvna Capital Smart contracts New York / Miami, USA
Block stream $ 210 million $ 3.2 billion Baillie Gifford, iFinex, Real Ventures, AME Cloud Ventures, AXA Strategic Ventures, Blockchain Capital, Digital Currency Group, Digital Garage, Future Perfect Ventures, Horizons Ventures, East Ventures, Khosla Ventures, Mosaic Ventures, Seven Seas Partners Mining Montreal, Canada
Figure Technologies $ 200 million $ 3.2 billion Morgan Creek Capital, 10T Holdings, Digital Currency Group, Digital Capital Mgt, DST Global Mortgage San Francisco, USA
BitClout $ 200 million tba. Andreessen Horowitz (a16z), Sequoia, Social Capital, TQ Ventures, Coinbase Ventures, Winklevoss Capital, Polychain Capital, Pantera Capital, Arrington Capital, Blockchange Ventures, Distributed Global, Blockchain.com Ventures, Hack Ventures, Alexis Ohanian Social network Osaka, JPN
Forte $ 185 million $ 1 billion Griffin Gaming Partners Gaming San Francisco, USA
Block daemon $ 155 million $ 1.3 billion Softbank, Matrix Capital Management, Sapphire Ventures, Morgan Creek Digital, Boldstart Ventures, Goldman Sachs, Greenspring Associates, Kenetic, Kraken Ventures, Borderless Capital Blockchain Infrastructure Los Angeles, USA
helium $ 111 million tba. Andreessen Horowitz, Alameda Research, Ribbit Capital, 10T Holdings, and Multicoin Capital Decentralized Wireless Network San Francisco, USA
TaxBit $ 100 million $ 1.5 billion Insight Partners Crypto Tax Service Salt Lake City, USA
Matrix port $ 100 million $ 1 billion DST Global, C Ventures, K3 Ventures, Tiger Global, Qiming Ventures Partners, IDG Capital, Dragonfly Capital Neobank Singapore
Amber Group $ 100 million $ 1 billion China Renaissance Group, Tiger Brokers, Tiger Global Management, Arena Holdings, Tru Arrow Partners, A&T Capital, Sky9 Capital, DCM Ventures, Gobi Partners, Pantera Capital, Coinbase Ventures, Blockchain.com Crypto gateway Hong Kong, HK
OpenSea $ 100 million $ 1.5 billion Andreessen Horowitz, Coatue, Michael Ovitz, Kevin Hartz, Dylan Field, Kevin Durant, Ashton Kutcher, Tobi Lutke NFT marketplace New York, USA
Chainalysis $ 100 million $ 4.2 billion Coatue, 9Yards Capital, Benchmark, Accel, Addition, Dragoneer, Durable Capital Partners, Altimeter, Blackstone, GIC, Pictet, Sequoia Heritage, SVB Capital Blockchain Analytics New York, USA
ConsenSys $ 65 million tba. JP Morgan, Mastercard, UBS, Protocol Labs (Filecoin), Maker Foundation (MakerDAO), Fenbushi, The LAO and Alameda Research Ethereum Infra New York, USA

This list clearly shows which trends the major investors (Softbank, Andreessen Horowitz, Peter Thiel, Coinbase, Coatue, Tiger Global, Goldman Sachs, etc.) are betting on. These are:

1. The Exchanges market is being reshuffled

Anyone who has followed the ranking of the largest crypto exchanges in terms of trading volume over the last few months will have seen: FTX (formerly Blockfolio) by founder Sam Bankman-Fried has shaken up the scene and is grabbing more and more volumes. With 18 billion dollars, very, very well-known investors rate the exchange, which is constantly pushing its profile through sports and gaming sponsorship. At the same time, FTX and Bankman-Fried or his Alameda Research are building an ever larger ecosystem with their own investments (including in Genesis Digital Assets, Paxos, Circle, Solana). FTX may end up being Coinbase and Binance’s big challenger.

After FTX, there is Bullish Global, a project by Peter Thiel and the block.one creators, another very ambitious project of a new crypto exchange that has not shown anything yet, but is now on the stock exchange with nine billion dollars want to evaluate. The market seems huge, the daily trading volume of crypto echanges globally is 70 billion dollars and more.

At the same time, the market leader Binance is shaking more and more. Regulators around the globe have shot at the giant, and Binance is gradually having to shut down more and more questionable products and services to come to terms with the authorities. It is quite possible that Binance will soon buy another player to strengthen its own compliance. In any case, the Exchanges market will mix up well.

Advertisement
Advertisement

Specials from our Partners

Top Posts from our Network

Powered by This price ticker contains affiliate links to Bitpanda.

Deep Dives

Europe's Top Unicorn Investments 2023

The full list of companies that reached a valuation of € 1B+ this year
© Behnam Norouzi on Unsplash

Crypto Investment Tracker 2022

The biggest deals in the industry, ranked by Trending Topics
ThisisEngineering RAEng on Unsplash

Technology explained

Powered by PwC
© addendum

Inside the Blockchain

Die revolutionäre Technologie von Experten erklärt

Podcast: Mit den smartesten Köpfen im Gespräch

Der Podcast von Trending Topics
© Shannon Rowies on Unsplash

We ❤️ Founders

Die spannendsten Persönlichkeiten der Startup-Szene
Tokio bei Nacht und Regen. © Unsplash

🤖Big in Japan🤖

Startups - Robots - Entrepreneurs - Tech - Trends

Continue Reading