Raising money in the cryptocurrency world can be done through a wide variety of options. As the recent Inwara report seems to confirm, a lot of money is being poured into cryptocurrency startups once again. This is the most bullish development for this industry as a whole, primarily because it has been quiet on this front since late 2017.

No one minds a bit more competition in the world of cryptocurrency exchanges. Although it will be difficult to compete with the likes of Binance and Coinbase, there is always room for new players to try their hand at this business model. It would appear investors globally feel the same way, as two companies managed to secure funding in recent weeks.

Young Platform, while a relatively unknown exchange, is an Italian trading platform which received surpassed its equity crowdfunding target on Seedrs. That is a good sign, as raising over $0.5 million is not as easy as one might assume. IXX Exchange, on the other hand, managed to effectively complete a $5m venture funding round. Both of these developments confirm this industry is still in a very good place.

The demand for anti-fraud and cryptocurrency analysis firms is on the rise as of late. No one wants to effectively deal with suspicious or potentially “fraudulent” transactions. Blockclaim is the latest such company to make a name for itself. The company raised over $0.55m in seed funding to further develop its solutions and platform. A promising development which can be beneficial to the industry as a whole.

It is also interesting to note how multiple companies managed to raise $1m in funding or more in the past few weeks. None of these firms will ring a bell among enthusiasts, but that situation can always come to change in the near future. Indorse has managed to receive $2m from Brand Capital. Said funds will be invested through convertible notes, and there’s an option on the table to potentially triple that investment in due time.

Additionally, Ockam managed to snag $3,2m in seed funding as it aims to make its business vision come true. This firm specializes in empowering companies and developers who want to work toward a seamlessly connected future. What that would entail exactly in terms of blockchain and cryptocurrency, remains to be determined. However, it seems that various companies are willing to give Ockam a fair chance in this regard.

With all of this fresh capital injected into blockchain and cryptocurrency firms, it will be interesting to see who can deliver and who will fall off the proverbial cliff. It is good to see none of these companies opt for the rather shady ICO, STO, or IEO token model as a way to raise funds. Dealing with regular investors and seed funding is a lot more complicated, but it also helps legitimize these companies in the process.

Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency or digital currency.

Image(s): Shutterstock.com

The post 4 Signs Investors are Still Bullish on Cryptocurrency Firms appeared first on NullTX.

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