Crypto startups often fail in droves, with some estimates claiming upward of 95% go out of business, but it’s not always clear why.
Creating a successful startup is challenging at the best of times, especially in the crypto industry, where an estimated 95% of startups fail.
There have been thousands of crypto startups as the industry has developed. According to the business platform Crunchbase, at least 2,619 are operating in various stages of development as of 2024.
There has also been a fair share of cryptocurrencies, with over 24,000 listed on CoinGecko since 2014, but at least 14,039 have died since then.
