Top 5 Crypto Exchange Venture Capital Funds
Over the past two years, the dynamic of venture capital funds has shifted towards cryptocurrencies and blockchain technology. Among some of the most well-known cryptocurrencies and blockchain VC funds such as Pantera Bitcoin Fund, Polychain capital, and Andreessen Horowitz, you can also find crypto exchanges VC’s like Coinbase, Binance, and Bitmex that have entered the market and succeeded in raising funds and making strong investments. With the knowledge and tools that these teams have acquired over the years, it might be a good idea to pay attention to where these funds are investing.
We have listed out some of the best crypto exchange venture capital funds in the market as of June 2019:
Coinbase is one of the largest digital currency exchanges with more than $1 billion yearly revenues. Coinbase also manages one of the most well-known cryptocurrencies and blockchain venture capital funds with $300 million in manageable assets as of October 2018. The Coinbase ventures team focuses on cryptocurrencies, blockchain, and financial services. Some of Coinbase’s investments include OpenSea, Dharma, Compound, Etherscan, Celo, TruStory, Elph, Reserve, BlockFi and more.
In terms of trading volume, Binance is the biggest cryptocurrency exchange in the world. In 2017, Binance launched the Binance labs incubation program as the venture arm of Binance, and it remains one of the best cryptocurrency and blockchain venture capital funds. The Binance team has all the knowledge and tools to evaluate the best investments in the crypto and blockchain industry. Some of those investments include OasisLabs, MobileCoin, Republic, Certik, Pivot, Terra, and more. Binance labs focuses on early-stage blockchain projects and last year announced the expansion of its program to five new cities: Berlin, Buenos Aires, Lagos, Singapore, and Hong Kong.
Bitmex has launched the Bitmex VC fund in 2018 led by Kumar Dandapani, global head of BitMEX Ventures. Even though Bitmex Ventures is a relatively new VC operation, so far the team has made big investments including the Investment in Philippine Digital Asset Exchange (PDAX) which is Licensed by the Central Bank of the Philippines and FinFabrik, a Hong Kong-based Fintech startup developing capital markets software.
Huobi Capital is the investment arm of Huobi, one of the largest crypto exchanges, focusing exclusively on blockchain and crypto assets investment. The team has made some substantial investments including a new partnership dedicated to blockchain startups in China and South Korea, and other crypto-blockchain related companies such as ThunderCore, Buxx, Terra, Nervos Network, Republic, Wallet Curve and Internet of services.
OK Blockchain Capital
OK Blockchain Capital is the venture capital fund of OKCoin, one of the most well-known cryptocurrency exchanges with over $1 billion in daily trading volume. The team focuses on blockchain startups with current investments include Perlin, Ankr, Merculet, and Vite. For those who are interested in investing in blockchain startups, OK blockchain capital is one of the best Venture Capital associated with these type of investments. Apart from its Venture Capital services, OK Blockchain Capital also provides tailored professional consultation services, advising on how to apply the power of blockchain technology to companies.