Galaxy: MGX's single investment in Binance accounts for 40% of Q1 crypto funding
2025-05-03 03:09:14
According to the Galaxy Digital report, the total amount of venture capital invested in the crypto industry in Quarter 1 2025 reached $4.90 billion, an increase of 40% month-on-month and the highest since the third quarter of 2022. More than 40% of the funding (about $2 billion) came from a single investment in Binance by Abu Dhabi sovereign fund MGX. US companies continue to lead with 38.6% of the number of transactions, with financing mainly concentrated in trading platforms, DeFi and infrastructure.
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