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:

InvestmentvaluationInvestorsVerticalorigin$ 900 million$ 18 billionParadigm, 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, CircleExchangeHong Kong
Sorare$ 680 million$ 4.3 millionSoftbank, Atomico, Bessemer Ventures, D1 Capital, Eurazeo, IVP, Liontree, Benchmark, Accel, HeadlineNFT-based fantasy sportsParis, FRA
Genesis digital assets$ 556 million (Series B: 431, Series C: 125)

Paradigm, New York Digital Investment Group, FTX, Ribbit Capital, Electric Capital, Kingsway CapitalCrypto miningLondon, UK
Bitpanda$ 443 million 

(Series C: 263

Series B: 180)

$ 4.1 billionValar Ventures, partner of DST GlobalNeobrokerVienna, AUT
Circle$ 440 million$ 4.5 billionDigital Currency Group, Fidelity Management, FTXStablecoinsBoston, USA$ 420 million 

(Series B: 120

Series C: 300)

$ 5.2 billionDST Global, Lightspeed Venture Partners, VY Capital, Google VenturesCrypto wallet / brokerLondon, UK
Ledger$ 380 million$ 1.5 billion 10T Holdings, Cathay Innovation, Draper Esprit, Draper Associates, Draper Dragon, DCG, Korelya Capital, Wicklow CapitalCrypto Wallet (Hardware)Paris, France
BlockFi$ 350 million$ 3 billionValar Ventures, Galaxy Digital, Fidelity, Akuna Capital, SoFi, Coinbase VenturesCrypto LendingNew York, USA
Solana Labs$ 314 milliontba.Andreessen Horowitz, Polychain Capital, Alameda Research, Blockchange Ventures, CMS Holdings, Coinfund, CoinShares, Collab Currency, Memetic CapitalBlockchainSan Francisco, USA
Fireblocks$ 310 million$ 2.2 billionSequoia Capital, Stripes, Spark Capital, Coatue, DRW VC, SCB 10XInfrastructureNew York, USA
Dapper Labs$ 555 million (305 + 250)
$ 2.6 billionCoatue, Andreessen Horowitz, GV, and Version One Ventures, Bond, GIC, Michael Jordan, Kevin Durant, Ashton Kutcher, Shawn Mendes, Will SmithNFTVancouver, 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, NomuraExchangetba.
Paxos$ 300 million$ 2.4 billionOak HC / FT Declaration Partners, PayPal Ventures, Mithril Capital, Senator Investment Group, Liberty City Ventures, WestCap, Bank of America, Founders Fund, Coinbase Ventures, FTXBlockchain InfraNew York, USA
Bitso$ 250 million$ 2.2 billionTiger Global, Coatue, Paradigm, BOND, Valor Capital Group, QED, Pantera Capital, KaszekExchangeMexico 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)DeFitba.
Avalanche$ 230 milliontba.Polychain, Three Arrows Capital, R / Crypto Fund, Dragonfly, CMS Holdings, Collab + Currency, Lvna CapitalSmart contractsNew York / Miami, USA
Block stream$ 210 million$ 3.2 billionBaillie 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 PartnersMiningMontreal, Canada
Figure Technologies$ 200 million$ 3.2 billionMorgan Creek Capital, 10T Holdings, Digital Currency Group, Digital Capital Mgt, DST GlobalMortgageSan Francisco, USA
BitClout$ 200 milliontba.Andreessen Horowitz (a16z), Sequoia, Social Capital, TQ Ventures, Coinbase Ventures, Winklevoss Capital, Polychain Capital, Pantera Capital, Arrington Capital, Blockchange Ventures, Distributed Global, Ventures, Hack Ventures, Alexis OhanianSocial networkOsaka, JPN
Forte$ 185 million$ 1 billionGriffin Gaming PartnersGamingSan Francisco, USA
Block daemon$ 155 million$ 1.3 billionSoftbank, Matrix Capital Management, Sapphire Ventures, Morgan Creek Digital, Boldstart Ventures, Goldman Sachs, Greenspring Associates, Kenetic, Kraken Ventures, Borderless CapitalBlockchain InfrastructureLos Angeles, USA
helium$ 111 milliontba.Andreessen Horowitz, Alameda Research, Ribbit Capital, 10T Holdings, and Multicoin CapitalDecentralized Wireless NetworkSan Francisco, USA
TaxBit$ 100 million$ 1.5 billionInsight PartnersCrypto Tax ServiceSalt Lake City, USA
Matrix port$ 100 million$ 1 billionDST Global, C Ventures, K3 Ventures, Tiger Global, Qiming Ventures Partners, IDG Capital, Dragonfly CapitalNeobankSingapore
Amber Group$ 100 million$ 1 billionChina 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.comCrypto gatewayHong Kong, HK
OpenSea$ 100 million$ 1.5 billionAndreessen Horowitz, Coatue, Michael Ovitz, Kevin Hartz, Dylan Field, Kevin Durant, Ashton Kutcher, Tobi LutkeNFT marketplaceNew York, USA
Chainalysis$ 100 million$ 4.2 billionCoatue, 9Yards Capital, Benchmark, Accel, Addition, Dragoneer, Durable Capital Partners, Altimeter, Blackstone, GIC, Pictet, Sequoia Heritage, SVB CapitalBlockchain AnalyticsNew York, USA
ConsenSys$ 65 milliontba.JP Morgan, Mastercard, UBS, Protocol Labs (Filecoin), Maker Foundation (MakerDAO), Fenbushi, The LAO and Alameda ResearchEthereum InfraNew 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 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.

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