US Top Crypto Fundraising Hub Despite Regulatory Woes, Can It Boom After Trump?

Key Takeaways

• The U.S. accounted for the most fundraising by crypto firms in 2024.
• Singapore is the second largest crypto fundraising destination, followed by the U.K. and India.
• Crypto firms raised a total of $10 billion last year.

The United States is the top crypto fundraising hub in the world despite crypto companies facing a barrage of regulatory whips in the country.

A total of 1069 crypto firms raised over $10 billion in combined funding over the past year.

U.S. Crypto Firms Raised 3.3 Billion in 2024

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.

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. 

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.