2 years ago
Venture superior investments successful crypto and blockchain firms successful Latin America reached $653 cardinal successful 2021, astir 10 times much than was invested successful 2020, according to a report published by the Association for Private Capital Investment successful Latin America (LAVCA).
Investments were concentrated successful consumer-facing plus exchanges and retail trading platforms, which unneurotic captured $607 million.
Crypto concern successful Latin America continued to boom compared with VC investments successful crypto successful the portion that totaled conscionable $68 cardinal successful 2020.
Three Argentinian crypto exchanges besides raised VC backing successful 2021. In September, Ripio raised $50 million successful a Series B backing round. And successful August, Lemon Cash and Buenbit raised $16 cardinal and $11 million, respectively.
Also successful August, Kaszek, a starring Latin American task superior fund, made its archetypal decentralized concern (DeFi) investment, leading a $3 cardinal circular successful Exactly, a startup that is gathering an open-source, noncustodial recognition protocol connected the Ethereum platform.
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erall, Latin American task investments reached $15.7 cardinal successful 2021, compared to $4.1 cardinal invested successful 2020, according to LAVCA.
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Andrés Engler is simply a CoinDesk concern newsman based successful Argentina, wherever helium covers the Latin American crypto ecosystem. He holds nary crypto.
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