Number of ICOs in Q4 2018 increased, but more failed to raise funds, according to ICObench quarterly report

Although the number of initial coin offerings completed in Q4 2018 has grown since Q3, ICOs raised together a quarter less than they had in the previous quarter, according to a report by ICObench. Q4 saw almost 594 ICOs completed, 40 more compared to Q3 2018. Unfortunately, the growth is not reflected in the number of ICOs that raised funds—both Q3 and Q4 saw 209 ICOs raise funds.

THE SCOOP

Keep up with the latest news, trends, charts and views on crypto and DeFi with a new biweekly newsletter from The Block's Frank Chaparro

By signing-up you agree to our Terms of Service and Privacy Policy
By signing-up you agree to our Terms of Service and Privacy Policy

While the projects raised less money, the ICObench claims the number of funds raised every month was stable, when November’s price shock is taken into consideration. The total funds raised by ICOs in Q4 fell from $1.8 billion in Q3 to $1.4 billion. Ho