The Number of Bitcoin Startups Goes Up
CBW -External Analyst
Mar, 10 2021
Ever since Bitcoin came into existence a few years ago, a variety of Bitcoin startups have come up to determine their footprints. Most of those companies are providing the required exchange and trading services to users. Needless to mention startup companies are a dream of people and institutional investors also which could also be a reason they're arising. It must even be noted that alongside lower sustenance costs and a high potential of return on investment, Bitcoin startups have become popular tons. They also provide more scalability than a longtime business and for that reason variety of venture capitalists are willing to place their money.
The time for Bitcoin startups is ripe and everyone is set to boom on large scale. Notwithstanding what despite the high failure rate related to startup companies, the amount of successful Bitcoin startups is sort of high. Not just in the US, Canada, Russia, and various other countries in Europe but also in Asia and Africa variety of Bitcoin startups have come. India, as an example, has emerged as a well-liked destination for such companies.
Several Bitcoin startups have come up in India to supply the much-needed services. One such organization is Zebpay, a Bitcoin wallet provider that came to the news recently because it is raising a replacement funding round of between $4 million and $5 million, following a $1 million investment the corporate got earlier this year.
Bitcoin Startups in Asia and Other Regions
As it has been mentioned above, a variety of Bitcoin startups are arising in India and other regions, the market seems to be confident about the longer term of the cryptocurrency. sort of several latest Fintech and e-commerce startups all around the world, the Bitcoin startups are making big within the market and receiving attractive investments also.
CBW - External Analyst