New York City has been making progress towards becoming the cryptocurrency financial capital as the race between the Big Apple and Miami heats up.
, citing data from CB Insights, adding that Silicon Valley came in second with $3.9 billion in funding. Los Angeles and Miami reportedly both raked in $760 million.
Silicon Valley-based investment firm Andreessen Horowitz will more than quadruple its New York City office space, signing a long-term lease in December in SoHo for its crypto fund, the Real Deal reported, New York City has been making progress towards becoming the cryptocurrency financial capital as the race between the city and Miami heats up.
in June when it announced it has raised a new $2.2 billion fund to continue investing in crypto networks.that U.S. cryptocurrency exchange Coinbase is setting up an office in New York City. A Coinbase spokesperson did not immediately respond to FOX Business’ request for comment regarding the motivation behind the expansion to the Big Apple.
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