Six Crypto Companies Enter Forbes List In 2018
Fintech 50, the rating of financial and technological companies, presented by Forbes in 2018, includes six firms that are related to the field of cryptocurrencies and blockchain, Cointelegraph reports.
Compared to 2017, the number of crypto companies almost halved in the ranking, there were 11 of them in the previous list. The result is not surprising due to the decline in the crypto market throughout 2018. At the same time, it is worth noting that the market is developing since three new companies — Circle, Gemini, and Axoni — have joined the “old-timers” Ripple, BitFury, and Coinbase.
Ripple has been in the Forbes rating for the longest time — five years. The year has become productive for the company, despite participating in some litigation regarding the question whether the XRP tokens are securities. Ripple continues to actively develop its RippleNet payment system.
BitFury is considered one of the largest mining companies. It entered the Forbes list for the second year in a row due to its ongoing development and collaboration with the PwC consulting corporation. The startup aims to conduct an initial public offering (IPO).
The Coinbase crypto exchange appears in the list of the best fintech companies for the third year in a row. The achievements of the exchange in 2018 include the launch of the OTC trading for corporate clients, conducting an educational program, and purchasing the Earn.com service.
Startups Circle and Gemini, which launched their own stablecoins, as well as the lesser-known startup Axoni, which managed to raise $32 million in investments in August 2018, were new to the rating.
Earlier, ICORating presented a rating of the safest crypto exchanges.