Venture capital firms poured $14.2 billion into crypto across 725 deals in the first half of 2022, but big four accounting firm KPMG predicts investments will likely slow for the remainder of the year.
According to a newly released KPMG report on Tuesday, the largest investments in H1 2022 came from German-based crypto trading platform Trade Republic ($1.1 billion), digital asset custody platform Fireblocks ($550 million), crypto exchange FTX ($500 million), and Ethereum software company ConsenSys ($450 million).
Authors of the report, including KPMG’s global leader of fintech, Anton Ruddenklau, noted the investment figures for the first half of 2022 alone were already more than double all years prior to 2021, which “highlights the growing maturity of the space and the breadth of technologies and solutions attracting investment.”
However, Ruddenklau said that over-investment during the record-breaking 2021 and first half of 2022, along with a looming potential recession, rising...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...