According to a recent article on CryptoBriefing.com below is a list of the top 10 most valuable Blockchain companies. No 9 will shock you.
#1 Bitmain – $12 Billion
Bitmain is by far the highest value crypto company. The mining firm has accumulated wealth by selling Bitcoin mining hardware, by operating mining pools and mining farms, and by attracting venture capital. Bitmain has a valuation of about $12 billion, a number originally reported by the Chinese news outlet Caixin in June 2018.
#2 Coinbase – $8 Billion
Coinbase is best known for its professional and retail trading platforms, but it has a few other revenue streams as well. Most notably, the company provides Coinbase Custody to institutional investors and Coinbase Commerce to merchants. In October 2018, Coinbase announced that it had surpassed an $8 billion valuation.
#3 Robinhood – $7 Billion
Robinhood started out as a stock trading platform with a focus on feeless trading, and it began to add crypto trading in 2018. Often called “the trading app for millennials,” Robinhood’s mainstream appeal has undoubtedly contributed to its success. The company’s $7 billion valuation was first reported in May.
#4 Ripple – $5 Billion
Ripple is responsible for XRP, the third largest cryptocurrency on the market. The company also operates several payment and settlement services which are offered under the RippleNet banner. In September 2018, Forbes reported that Ripple’s value was $4.7 billion – an amount that is distinct from XRP’s $9 billion market cap.
#5 Kraken – $4 Billion
Kraken is another major crypto exchange. In February, the company underwent a major expansion as it acquired a futures trading platform, underwent a thorough rebrand, and hired several employees. Kraken closed a $13 million funding round during the same period, which has raised its current valuation to $4 billion.
#6 Circle – $3 Billion
Circle is a multifaceted crypto services company. Though it began its life as a payments company, it eventually began to offer trading and investment services. Circle is also responsible for USD Coin, a popular stablecoin. In 2018, Circle reached a valuation of $3 billion following a $100 million funding round.
#7 Block.one – $3 Billion
Block.one is the company behind EOS, which is the seventh largest cryptocurrency and a primary Ethereum competitor. In March, Bloomberg obtained a shareholder email and reported that Block.one is valued at $3 billion. It added that Block.one holds most of that value as liquid fiat assets and government bonds – $2.2 billion, in fact.
#8 Binance – $2 Billion
Binance is the largest exchange by trading volume, and it also provides several other secondary features and services, including Binance Coin and Binance Chain. In an October interview with ForkLog, CEO Changpeng Zhao confirmed that Binance has a valuation of at least $2 billion and added that the actual number may be higher.
#9 BitMEX – $3 Billion
BitMEX is a cryptocurrency exchange that primarily offers futures and perpetual contracts, which allow investors to engage in leveraged trading. In July 2018, the Times estimated that BitMEX’s valuation is $3.6 billion based on annual profits. That said, other estimates suggest that the company’s actual value is closer to $1 billion.
#10 Canaan Creative – $2 Billion
Canaan Creative is a mining company that is second to Bitmain in terms of mining hardware sales. However, the company’s profits appear to be in decline despite its longstanding success. Canaan has nevertheless managed to maintain its unicorn status: its value was estimated at between $2 billion and $3 billion during its recent IPO.
What do you think about the list? Is it well detailed or just another pumpmentals? Share your thoughts in the comments below.