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KPMG: in 2021 Cryptocurrency and Blockchain Investments Have Doubled

2020 and the first half of 2021 brought about more informed investors equipped with significant knowledge on crypto procedures, operations, and assets.

KPMG in their study “Pulse of Fintech H1 2021” revealed that the ever-growing interest from investors has sparked the doubling of crypto and blockchain investments. Contributors to the growth were also Bitso, Paxos, and BlockFi that raised $100 million in funding rounds.

The report has dissected developments in the crypto industry for the first 6 months of 2021. From January to June of 2021, a total of $98 billion were finalized from investment deals amounting to 2,456. Crypto and blockchain investments have been signified as the foremost growing trend of 2021.

In the crypto and blockchain industry, mergers and acquisitions, private equities, and venture capitals made up roughly 548 activities related to investments. While the total of investments in 2020 amounted to $4.3 billion from 580 investment deals, the first 6 months of 2021 amount to $8.7 billion.

According to KPMG, the crypto and blockchain industry will be much desired by investors at the very least until the end of 2021 given the numerous initiatives like the raising of funds by trading platforms, Facebook’s Diem, and China’s eCNY project, to name a few.

As the crypto industry will grow further, the differentiation between blockchain technologies and cryptocurrencies will also become more apparent. Additionally, the emergence of Nonfungible Tokens – NFT trading platforms will also play a crucial part in the growth of the industry.

As far as regulations are concerned, KPMG holds that India would make a significant impact in the industry if it decides to regulate digital assets for the rest of the year. 

Also read: Crypto Market Capitalization Reaches $2 Trillion 

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