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Asia Falls Behind as US Takes the Lead in Crypto VC Deals
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The US is the global leader in blockchain-related investment deals, with nearly three times the dollar amount transacted in deals there as in Europe during the third quarter of this year. Meanwhile, Asia has for the first time fallen behind the US by the number of crypto startups that raised capital, a new report has found.
According to the report, prepared by business intelligence firm CB Insights, the amount of capital raised by US-based blockchain-focused companies has never been higher, after having risen for five quarters in a row.
“US blockchain/crypto funding dollars hit nearly USD 3bn in Q3’21, rising for the fifth consecutive quarter and reaching an all-time quarterly high,” the report said.
This large amount of capital raised in the
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