The crypto market raised $662 million in August, down 57% year-on-year

Odaily Planet Daily News RootData data shows that the amount of financing in the encryption market in August 2023 was US$662 million, a decrease of 57% from August 2022 (US$1.540 billion), and an increase of 20% from July 2023 (US$549 million). In addition, the number of financings in August was 73, a year-on-year decrease of 45%. Among them, the top three financing amounts are: Ramp, a financial technology company, completed a financing of US$300 million at a post-investment valuation of US$5.8 billion; BitGo, a cryptocurrency financial services company, completed a financing of US$100 million at a valuation of US$1.75 billion; 1 Network ZetaChain completed $27 million in equity financing.