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 <p class="is-style-lead">Crypto data aggregator CoinGecko released a study on Oct. 10 about the most <a rel="noopener noreferrer nofollow" title="active" href="https://thebittimes.com/tag/active.html">active</a> <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency firms, with Coinbase Ventures emerging as the most <a rel="noopener noreferrer nofollow" title="active" href="https://thebittimes.com/tag/active.html">active</a>.</p>
 <p>Data in the study showed that the Coinbase Ventures made 144 investments in pre-seed or seed stage and an additional 199 investments at the early stages of Series A or B.</p>
 <h2 class="wp-block-heading" id="primary-backers-of-the-crypto-industry">Primary backers of the crypto industry</h2>
 <p>The study goes on to show that, in total, the top 23 most active cryptocurrency venture capitalists have been involved in a range of 149 to 372 deals each.&nbsp;</p>
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    <p lang="en" dir="ltr">What are the most active crypto VC firms?<br><br>Our research reveals that @Coinbase Ventures leads the pack with 372 crypto deals to date.<br><br>Let's dive into the numbers and examine the firms that have been most active. <br><br>Read the full study: https://t.co/WdLkabU20g pic.twitter.com/6QXSxUyAoj</p>— CoinGecko (@coingecko) October 10, 2023
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 <p>Collectively, these prominent crypto venture capital firms have contributed to a substantial 4,346 investments from Jan. 1, 2017, to Sept. 21, 2023, cementing their pivotal role as the primary backers fueling the development of the cryptocurrency industry.</p>
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  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Blockchain Analytics Firm bitsCrunch Raises $3.4 Million from Animoca Brands, Coinbase Ventures, Crypto.com Capital, Polygon Studios
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 <p>Following Coinbase Ventures, NGC Ventures in Singapore ranked as the second most <a rel="noopener noreferrer nofollow" title="active" href="https://thebittimes.com/tag/active.html">active</a> venture capital firm in the <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency space, boasting a total of 271 <a rel="noopener noreferrer nofollow" title="deals" href="https://thebittimes.com/tag/deals.html">deals</a> to date.</p>
 <p>Among these, 158 belong to the early-stage VC category, while 99 are categorized as pre-seed or seed deals. Like several other leading crypto VC firms, NGC Ventures has yet to record any venture growth deals in its portfolio.</p>
 <h2 class="wp-block-heading" id="hitting-lower-lows">Hitting lower lows</h2>
 <p>This data comes one day after research firm Bloomberg reported that crypto venture funding has hit its lowest point since 2020, with only $2 billion invested in crypto during Q3, 2023.</p>
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   <noscript><iframe title="Venture Capital's Focus on Crypto | Bloomberg Crypto 02/28/2023" width="1020" height="574" src="https://www.youtube.com/embed/1iVJ5AIO8ao?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>
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 <p>The ongoing downward trend is said to be a result of the mistrust that was triggered after the collapse of FTX.</p>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Acala Network, Karura Receive Backing from Coinbase Ventures
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/coinbase-ventures-emerges-as-most-active-crypto-vc-firm-with-372-deals-tbt65852.html">https://thebittimes.com/coinbase-ventures-emerges-as-most-active-crypto-vc-firm-with-372-deals-tbt65852.html</a></p>

Coinbase Ventures emerges as most active crypto VC firm with 372 deals

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