Crypto firms raised $ 2.5 billion in the first quarter of 2021, the highest rate ever!

The 2021 bull run has taken Bitcoin into the spotlight as well as adopting altcoins and the entire ecosystem. The increasing demand for digital assets is reflected in the number of traditional finance companies supporting cryptocurrencies, as well as the number of crypto companies that have turned into billions of dollar companies after the last round of funding. . In the first quarter of 2021, crypto companies raised $ 2.5 billion in combined capital, the highest recorded in the second quarter of 2018 and almost twice the total fund raising. Many of these crypto companies have raised funds from traditional giants, including Chainalysis. Its value has risen by billions since the last round of funding. $ 100 million with the participation of TIME Magazine owner Marc Benioff. Alongside Chainalyis, other crypto companies that raised hundreds of millions of capital in the last round of funding include BlockFi, which raised $ 350 million in its Series D funding round, and Blockchain.com, which raised $ 300 million to see its valuation increase. For $ 5.2 billion. Strong demand for crypto companies The multiple increases in the valuation of several crypto companies and the public release of more reflect the growing demand not only for digital assets but also for experienced service providers in the field. cryptographic. Coinbase made history in April after making its public debut on Nasdaq with over $ 80 billion in value and over 50 million registered users. Besides the growing demand for crypto companies in the mainstream market, there are many traditional finance companies and payment processing giants such as PayPal and Venmo, with a customer base of more than 300 million and 70 million respectively. After becoming a member of Facebook's infamous Libra Association, PayPal has also opened up a crypto spending option for its customers with millions of verified providers. MasterCard and VISA added support for crypto payments in one way or another a few years ago.

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