CoinFund Expands to Hong Kong as Investment Focus Shifts to Asia in Crypto Venture Capital

CoinFund Expands to Hong Kong as Investment Focus Shifts to Asia in Crypto Venture Capital

CoinFund Expands to Asia

As the United States continues  to pose regulatory challenges for the cryptocurrency industry, CoinFund, a New York-based digital currency investment firm, has made a strategic move to expand its services in Asia. With the recent addition of Dmitry Lapidus as the Senior Liquid Analyst, the firm intends to focus more on the Asian market, attracting cryptocurrency entrepreneurs to the region. Hong Kong was in particular  chosen for its debut in Asia due to its historical active participation in the cryptocurrency industry, making it an ideal hub for innovation and experimentation.

“If you look at the history of how this industry has become, there has always been very active participation from Hong Kong and China, in particular  in the early days. So I almost view it as one of the more natural places for innovation and for experimentation.”

Dmitry Lapidus

CoinFund’s Expansion and Funding

Established in 2015, CoinFund has played a whole lot of role in the cryptocurrency market, with over 120 investment deals supporting startups such as NEAR and LedgerX. Regardless of challenges, the firm remains committed to supporting the market, as evidenced by the $158 Million raised for its new cryptocurrency fund, CoinFund Seed IV Fund, in July 2023. This marks a 90.4% increase from its previous fund. In addition, Hivemind Financial resources Partners, another U.S.-based investment firm, has likewise expanded its reach to Hong Kong, indicating a growing interest in the Asian cryptocurrency market.

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Hot Take: The Future of Cryptocurrency in Asia

The move of CoinFund and other U.S.-based cryptocurrency corporations to Asia signifies a shift in the industry’s landscape, with Asia becoming a focal point for cryptocurrency innovation and investment. This development could potentially reshape the worldwide cryptocurrency market, bringing new doors and challenges for the industry as a whole.

Author – Contributor at | Website

Noah Rypton stands as an enigmatic fusion of crypto analyst, relentless researcher, and editorial virtuoso, illuminating the uncharted corridors of cryptocurrency. His odyssey through the crypto realms reveals intricate tapestries of digital assets, resonating harmoniously with seekers of all stripes. Noah’s ability to unfurl the labyrinthine nuances of crypto intricacies is elegantly interwoven with his editorial finesse, transmuting complexity into an engaging symphony of comprehension.

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