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Research: ICO Market Down Almost 100% From a Year Ago, Raised $40 Million in Q1 2019

Published 05/13/2019, 03:59 PM
Updated 05/13/2019, 04:22 PM
Research: ICO Market Down Almost 100% From a Year Ago, Raised $40 Million in Q1 2019

The initial coin offerings (ICO) market is down 97% on a year-on-year basis making $40 million so far in 2019, according to research by cryptocurrency exchange BitMEX released on May 13.

In the first quarter (Q1) of 2019, the ICO market has reportedly dropped by 97% based on the amount of attracted capital. The slump followed the 2017–2018 cryptocurrency boom, with low investment returns among ICOs through most of 2018.

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