Cryptocurrencies
New York City Leads Crypto-VC Funding Race Over Silicon Valley
- New York-based startups took in $6.5 billion, CB Insights says
- NYDIG, Celsius Network received the most backing in the city
Buildings on the Manhattan skyline in New York.
Photographer: Victor J. Blue/BloombergThis article is for subscribers only.
New York City is home to the most well-funded crypto startups in the U.S.
Last year, the city attracted $6.5 billion, accounting for 46% of funding to blockchain or crypto-centric companies, according to data provider CB Insights. New York Digital Investment Group LLC and Celsius Network LLC led the pack of New York-based firms with funding rounds of $1 billion and $750 million respectively.