Crypto startups see 63% drop in global funding

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In 50 Words: Crypto startups see 63% drop in global funding amid regulatory scrutiny

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In 50 Words: Crypto startups see 63% drop in global funding amid regulatory scrutiny

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Global venture funding for crypto startups had a 63% decline in Q3 2023, marking the lowest level since 2020, according to PitchBook data.

Venture capitalists have faced scrutiny during the trial of FTX co-founder Sam Bankman-Fried for their role in promoting cryptocurrencies. Only US$2 billion was invested worldwide during the quarter.

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