According to Rootdata, the U.S. accounted for 33.43% of all crypto funds raised in the past year.
In 2024, the crypto fundraising market raised $10.13 billion, a small decline of 2% from the previous year. Of the total funds raised, U.S.-Based crypto firms raised $3.37 billion, more than one-third of the total funds raised.
Surprisingly, Singapore was the second favorite destination for crypto firms looking to raise funds. Singapore accounted for 13.42% of the total funding last year, and 49 firms raised $1.3 billion.
US tops crypto fundraising in 2024. Source: Rootdata
The United Kingdom was the third largest fundraising destination, with a 7.14% share, followed by India, with 4% of the total funds raised last year.
Animoca brands Pantera Capital, Andreessen Horowitz, NGC Ventures, Coinbase Ventures, and Binance Labs were among the top investors this past year.
The majority of the funding from these companies was invested in blockchain infrastructure firms, followed by DeFi and Web3 gaming.
Crypto investors and their choice of investment. Source: Rootdata
March saw the highest fundraising, worth $191 million, followed by a constant decline in the following months.
A total of 22 firms raised over $50 million in funding against the average of $10 million, while more than 400 firms raised funds in the range of $1 million to $3 million.
Can U.S Crypto Market Boom Further Under Trump’s Presidency?
The growing number of crypto firms and the rise in fundraising suggest that the U.S. still remains a top destination for crypto companies despite the fear of regulatory whiplash. However, that might change with incoming president Donald Trump.
Donald Trump won the 2024 U.S. presidency, receiving millions in donations from crypto companies and promising to change the conservative stance of the American government under Joe Biden’s administration.
Trump has already nominated pro-crypto administrators for key regulatory positions, including the treasury secretary, the Securities and Exchange Commission chief, and others.
Many market pundits expect the Trump administration to eliminate current hurdles to the interaction between traditional finance and the crypto world.
With hopes of easing crypto regulations and a promise to make the U.S. the crypto capital, Trump’s policies could attract more financial institutions to invest in crypto and crypto companies that might be sitting on the fence due to regulatory complexes at present.
Prashant Jha is a seasoned crypto journalist based in Delhi, India, with a Bachelor’s Degree in Computer Science Engineering. Passionate about the evolving world of blockchain and cryptocurrencies, he has been a dedicated voice in the industry since 2018. Prashant’s expertise lies in regulatory reporting, where he unravels complex legal and financial developments with clarity and precision. Before joining CCN in 2024, he honed his craft at Cointelegraph, establishing himself as a trusted name in crypto journalism.
His coverage spans major industry events, including the high-profile collapses of FTX, Three Arrows Capital (3AC), and LUNA, offering readers insightful analyses of their regulatory and market implications. Prashant’s technical background enables him to bridge the gap between intricate blockchain technology and its real-world applications, making his work accessible to novices and experts.
Beyond his professional pursuits, Prashant is an avid music enthusiast, often exploring diverse genres to unwind. A sports lover, he has a particular passion for cricket and frequently engages in discussions about the game. His multifaceted interests and sharp journalistic instincts make him a valuable contributor to CCN, where he continues shaping the crypto landscape's narrative.
