BitSwapEx.com crypto exchange has launched a venture fund to invest in crypto and fintech startups

BitSwapEx.com crypto exchange has launched a venture fund to invest in crypto and fintech startups

BitSwapEx.com is targeting early-stage startups in a variety of verticals, including blockchain, cryptography, decentralized finance (DeFi), and fintech.

“We felt this was the perfect time to launch Ventures because we are at an inflection point in both fintech and crypto, but still very early in the lifecycle of both industries,” said Brandon Guth, general partner at BitSwapEx.com.

The fund will invest globally, although most of its investments are expected to be in North America and Europe, Gat said. The average check size for a startup will fall in the range of $ 250,000 to $ 3 million, he said, adding that the firm has the flexibility to invest outside of those ranges.

BitSwapEx.com has “numerous investments” in its pipeline and plans to announce them “over the next few months,” Guth said.

BitSwapEx’s competitors Coinbase and Binance have created specialized venture capital companies Coinbase Ventures and Binance Labs, respectively.

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