London, England, 3rd Nov 2021, According to FinancialCentre’s broker, Christian Ricci, investors are lining up to invest in firms operating in the Indian cryptocurrency and blockchain sector. As of October 17, domestic crypto and blockchain company risk financing hit a record high of $587.16 million, compared to $37 million during the previous year.

The broker adds that the international investors have poured most of the cash into India’s fast-growing companies, eager to profit from the country’s large consumer base.

It was stated by the FinacialCentre’s broker that.

‘We’re in a long-term macro bull market. There’s a lot of capital on the side-lines for high-traction firms. There’s also a lot of liquidity; for example, the Coinbase listing in April generated new wealth seeking new places to be invested’.

Rising of the country’s two new crypto unicorns

The broker continues mentioning CoinDCX and Coinswitch, the country’s two new crypto unicorns, have raised almost 60% of the money made throughout the previous year. Indian investors are also starting to consider how they might best invest in cryptocurrencies.

Some ventures are experimenting with some funds. Industry sources said that a few venture capitalists are creating India-focused blockchain and cryptocurrency portfolios with a $15-$50 million corpus.

It was witnessed in July, Indian online payment startup Paytm announced a valuation of $10 billion. The firm is backed by the same investors who invested in companies including Uber and Facebook.

In recent months, Elevation Capital, a venture capital house that has backed firms like Paytm and Swiggy, has actively invested in cryptocurrencies and blockchain start-ups. It also has a dedicated team and expert group working on crypto and is looking to continue active in this space.

Coinshift

The FinancialCentre’s broker further specified that Sequoia India has continued to invest in CoinSwitch Kuber and now participates in around and invests in a crypto treasury management platform, Coinshift.

He added that bullish international investors are “not being rash,” and they are making calculated wagers by exposing a small portion of their entire portfolio. For example, Silicon Valley venture fund Andreessen Horowitz recently invested $80 million into the crypto platform CoinSwitch Kuber, valued at $1.9 billion.

The firm has a Crypto Fund III worth about $2.2 billion. The cryptocurrency market has also attracted a wide range of consumers, including large firms and individual investors.

According to a recent report by Chain analysis, he says India has emerged as one of the fastest-growing cryptocurrency markets globally.

“Large institutional-sized cryptocurrency transactions above $10 million accounted for 42% of transactions from India-based addresses, but only 28% from Pakistan and 29% from Vietnam,” he added.

“Those figures suggest that India’s bitcoin investors are part of bigger, more sophisticated organizations.”

According to a FinancialCentre broker, the Indian crypto industry has several Indian crypto unicorns and significant momentum for Web 3.0 in India’s IT sector compared to a year ago.

The broker added that the government has been upbeat lately and that the fund is searching for outstanding entrepreneurs building solutions to significant challenges. It’s a new technology, and the existing architecture can’t be utilized here. However, there have been encouraging indications throughout. As a result, investors are allowed to invest and help authorities build the proper framework.

While analyzing the government, the broker says that it has been more optimistic lately, and the fund is searching for remarkable entrepreneurs who are developing solutions to significant challenges.

It’s a new technology, and the existing architecture can’t be used here. However, there have been encouraging signs throughout. As a result, investors are allowed to invest and help authorities build the proper framework.

According to research by a FinancialCentre broker, the cryptocurrency market has several crypto unicorns and significant momentum for Web 3.0 in India’s IT sector compared to a year ago.

The broker added that bullish international investors are “not being rash,” and they are making calculated wagers by exposing a small portion of their entire portfolio. For example, Silicon Valley venture fund Andreessen Horowitz recently invested $80 million into the crypto platform CoinSwitch Kuber, valued at $1.9 billion. The firm has a Crypto Fund III worth about $2.2 billion.

The cryptocurrency market has also attracted a wide range of consumers, including large firms and individual investors.

Conclusion:

The FinancialCentre broker further mentions that startups that may not directly build something in blockchain, or cryptocurrency space shouldn’t panic because of the sentiment shift. It would be a mistake to label blockchain as FINTECH or ICOs, a common mistake made by early adopters in any business area.

Disclaimer: Our content is intended to be used for informational purposes only. It is very important to do your own research before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find on this article and wish to rely upon, whether for the purpose of making an investment decision or otherwise.

Source: FinancialCentre