Bitmain, Coinbase, And Six Others Make The 2019 List Of Biggest Blockchain Companies By Valuation

Remarkably, Bitmain takes first place ($14B), followed by Coinbase ($8B), Robinhood ($5.6B), Ripple ($5B), Kraken and Block.One ($4B), Circle ($2.9B) and Binance ($2B+). In addition to the statistics, Lielacher also expounded on each firm’s success and how the crypto world perceives them. Here is a brief look at each one:

#1: Bitmain

Bitmain was supposedly valued at $14B back in 2018 (halfway through the year to be more precise). Such hike in value was supposedly correlated with their proposed IPO, which has seen ongoing delays. Before the crypto market plummeted, Bitmain was deemed the largest business offering mining hardware essentials. This is likely to change, especially in terms of valuation for this year, as Bitmain has previously mentioned plummets in their sales and services.

#2: Coinbase

Coinbase has earned a great name for itself within the crypto and blockchain sphere. It is believed to be the main exchange to have lured in many investors during Bitcoin’s intense bull run of 2017. October 2018 marked the crypto firm as being valued at $8B. This is surely to have gone up considering that the CEO of Coinbase, Brain Armstrong, recently boasted of Coinbase Custody’s accomplishment in gaining good traction inside the world of institutional investors.

#3: RobinHood

Lielacher referenced a TechCrunch report that confirmed Robinhood’s value as being $5.6B by May 2018. The crypto exchange prides itself in offering “Everything in One Place”, which includes cryptocurrencies, stocks, ETFs, and options.

#4: Ripple

Based off of Forbes reporting, Ripple supposedly reached a value of $5B by September 2018. Ripple, the firm, has since offered a wide range of products that help in initiating cross border transactions. Their valuation supposedly reflects their holdings of the XRP token as well notes Lielacher.

#5: Kraken And Block.One

Kraken has been sitting at a worth of $4B since December 2018. As per the claims made, the firm is currently working towards fundraising for “future acquisitions”, with plans to acquire a “digital currency derivatives platform, CryptoFacilities”. As for Block.One, it is also valued at $4B. Block.One’s survival supposedly rests in its EOS network and American entrepreneur and crypto expert, Brock Pierce’s involvement.

#6: Circle

Valued at $2.9B since early 2018, the company has since launched a wide range of products and stablecoin, i.e. Circle Pay, Circle Invest, Poloniex and USDCoin respectively – all of which are said to have contributed to the initiation of a smoother and insightful trading experience. As per the claims made, Circle is widely known as a “major player in the digital currency OTC trading market.”

#7: Binance

Finally, valued at $2B in mid-2018, is crypto exchange, Binance. Binance has made numerous headlines, considering that the firm is the youngest to have attained massive exposure and growth. Led by CEO, Changpeng Zhao, who is known as CZ in the crypto world, has noted that the firm makes $1B in profit because of its millions of customers.

While the aforementioned firms are considered big players within the crypto world, said the analysis is based on their 2018 numbers. It would definitely be interesting to compare how each firm has grown or fallen upon assessing the 2019 numbers.

The views and opinions expressed in the article Bitmain, Coinbase, Robinhood, Ripple, Kraken, Circle, Binance and Block.One do not reflect that of 48coins.com nor of its originally published source. Article does not constitute financial advice. Proceed with caution and always do your own research.

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