Study: ICO Market Doubled Since Last Year, Shows Increased Institutional Investment
Cointelegraph
Published Aug 08, 2018 11:03PM ET
Updated Aug 08, 2018 11:21PM ET
Study: ICO Market Doubled Since Last Year, Shows Increased Institutional Investment
The Initial Coin Offering (ICO) market has more than doubled in a year according to ICORating’s ICO market report for the the second quarter of 2018, published August 8. ICORating is an independent rating agency that conducts independent analytical research evaluating ICOs and the ICO market.
According to the report, ICOs in 2018 have already raised over $11 billion in investments, a figure which it purports is ten times larger than the sum of investments from ICOs in Q1-2 2017. ICORating reports that in Q2 2018, 827 projects raised over $8 billion in funding, compared to $3.3 billion in Q1 2018, representing a 151 percent increase overall. The report notes:
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Written By: Cointelegraph
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