Number of crypto investment firms hits lowest point since 2020

The number of institutional crypto investors fell to 651 in the second quarter of 2026, marking the lowest level since 2020, according to CryptoRank. This figure represents a sharp 74.6% decline from the all-time high of 2,564 firms recorded in the second quarter of 2022. CryptoRank noted that apart from 2020, when the number of quarterly crypto investors ranged between 250 and 450, the current period has the fewest active firms. The data provider also pointed out that only a small number of specialized institutional investors are currently funding crypto ventures, with overall market participation remaining significantly below the peak of the previous cycle.