The crypto market keeps attracting a wider investor base, with many projects getting considerable funding over the past week. In this respect, ARQ, Crossover Markets Group, and QFEX have taken the top positions among the prominent funding rounds of the week. As per the data from Top 7 ICO, the other names among the week’s well-known fundraising events include Cyclops, Utexo, Akave, and Interstate.
ARQ Leads Past Week’s Crypto Funding Rounds with Staggering $70M
Leading the list of top crypto funding rounds of the past week is ARQ. Previously called DolarApp, ARQ has remained effective in getting a total funding of up to $70M. It is a popular financial gateway to facilitate Latin America. It aims to fill the gap between the $USDC stablecoin’s stability and local pesos.
Apart from that, Crossover Markets Group has gained a total amount of nearly $31M in its latest funding round. Specifically, it conducted a Series B funding round to collect the respective amount. Crossover Markets Group serves as a digital asset trading platform. Following that, QFEX has emerged as the 3rd top crypto platform among the past week’s key funding events. Particularly, it has successfully obtained a total $9.5M amount in a Seed funding round. QFEX operates as the earliest mixed perpetual futures exchange platform for conventional assets, providing 24/7 trading with high leverage.
Coming after that, Cyclops has become the 4th among the week’s crypto funding rounds. Cyclops is a renowned infrastructure platform for financial institutions and payment entities. In its new Strategic funding round, it has pocketed a total $8M last week. Subsequently, securing the 5th position, Utexo has gained $7.5M in Seed funding. Utexo is a famous blockchain infrastructure ecosystem that builds solutions for local stablecoin settlements via the Bitcoin network.
Interstate Bottoms List with $1.5M in Total Fundraising
Moving on, Top 7 ICO’s list of the past week’s leading crypto funding rounds includes Akave in the 6th position. The platform has secured a cumulative $6.65M in its Seed funding round. It is an L2 storage blockchain. Then, Interstate concludes the list, getting 7th position among the week’s outstanding crypto funding rounds. So, its funding event has amassed up to $1.5M.
