ICOs Raise More Than $5 Billion This Year as Crowdfunding Market Evolves

ICOs Raise More Than $5 Billion This Year as Crowdfunding Market Evolves

The market for initial coin offerings (ICOs) showed little signs of letting up in December, as the total amount raised approached $1 billion through the first three weeks of the month. ICO Funding Surpasses $5 Billion Factoring December data, startups have raised a whopping $5.3 billion USD in 2017, according to ICOData , a firm that tracks the burgeoning crowdfunding economy. Just a few months ago, Hacked reported an annual crowdraise of roughly $3.3 billion for all ICOs. After an abrupt slowdown in the latter half of summer, ICO fundraising surged between September and December. At the current pace, […]