PitchBook: Coinbase Ventures, Kraken Ventures, and Binance Labs significantly cut dealmaking since Q1 2022; Coinbase did 11 deals in Q3, down from 65 in Q1 2022 (Hannah Miller/Bloomberg)

November 15, 2023

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Hannah Miller / Bloomberg:

PitchBook: Coinbase Ventures, Kraken Ventures, and Binance Labs significantly cut dealmaking since Q1 2022; Coinbase did 11 deals in Q3, down from 65 in Q1 2022 — Even crypto companies are pulling back on crypto venture capital. … It’s the all-time biggest backer of industry startups …

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