Analysts at Dealroom have observed a decline in investments by crypto.com since the start of 2023, compared to previous years. They reported that the firm has only made four deals since the beginning of 2023, in contrast to 35 deals in the two years preceding this period.
In a commentary with Bloomberg, crypto.com CEO Kris Marszalek acknowledged the decrease in funding activities. He mentioned that the valuations proposed by project teams at this time are overly generous, and the firm is striving to be prudent in its approach.
Marszalek also stated that the venture arm has made about 70 investments so far but did not disclose an exact figure. It is noteworthy that Crypto.com is not the only firm in the crypto market pausing its investment activity.
Other companies in the market are also slowing down their investments.