That’s according to a report by France’s stock market regulator, the AMF, “French ICOs - A New Method of Financing?”, published on 14 November.

“At a global level, use of this method of financing is still marginal”, the AMF commented. However, the agency noted: “17 ICOs collecting more than 100 million dollars each during the last two years”. At the same time, at least 129 ICOs failed (“i.e., did not succeed in raising enough funds to exceed their soft cap”).

The AMF stated: “At the beginning of November 2018, there were more than 2,000 different crypto-assets being traded, with more than 900 already no longer in existence”.

The US and Russia were the largest jurisdictions for ICOs, followed by Singapore. In Europe, the AMF said that the UK, Switzerland and Estonia were most popular.