10 largest companies in the cryptocurrency industry

Companies whose capitalization exceeds $1 billion are called “unicorns.” According toHurun Research Institute, there are just under 500 of such companies in the world, and cryptocurrency startups make up only a small part of them.

Not every cryptocurrency company issuescoins with market capitalization, or is an exchange with a trading volume. Valuation of a company can be a worthy indicator of overall success. Let's get acquainted with the top 10 cryptocurrency companies that managed to overcome the level of capitalization of $ 1 billion.

• Bitmain ($ 12 billion)is the most valuable cryptocurrency company,which has amassed wealth by selling Bitcoin mining equipment, running huge mining farms, and raising venture capital. Bitmain was worth about $12 billion in June 2018.
• Coinbase ($ 8 billion)is an international crypto exchange thatknown for its professional and retail trading platforms as well as multiple revenue streams. For example, the company provides the Coinbase Custody cryptocurrency storage service for institutional investors, as well as the Coinbase Commerce service for trading companies. In October 2018, Coinbase announced that its value exceeds $8 billion.
• Robinhood ($ 7 billion)- a company that started out asplatform for trading shares, and since 2018 it has also introduced services for trading cryptocurrencies. The company often calls itself a “shopping app for millennials,” which has contributed to its popularity. The $7 billion estimate was first announced in May 2019.
• Ripple ($ 5 billion)is the issuer of XRP, the third largestcryptocurrencies on the market. The company also has several payment and clearing services that operate under the RippleNet brand. Back in September 2018, it was reported that Ripple's company value is estimated at $4.7 billion, and XRP's market capitalization is currently $9.9 billion.
• Kraken ($ 4 billion)is an American crypto exchange that alsostrives to significantly expand its services. The company recently acquired a futures trading platform, rebranded it and hired additional employees. As a result of a $13 million funding round, the company's value increased to $4 billion.
• Circle ($ 3 billion)is a payment company with a variety ofcryptocurrency services, also offering investment. Circle also powers the popular stablecoin USD Coin. In 2018, Circle was valued at $3 billion after a $100 million funding round.
• Block.one ($ 3 billion)is the issuer of the EOS cryptocurrency, whichis in seventh place by market capitalization, and is also considered the main competitor of Ethereum. According to Bloomberg, in March 2019, Block.one was valued at $3 billion, $2.2 billion of which represents investments in securities.
• Binance ($ 2 billion)is the world's largest crypto exchange by volumetrading, which also has its own Binance Coin (BNB) and its own Binance Chain blockchain. Not long ago, Binance CEO Changpeng Zhao said that his company could be worth about $2 billion or more.
• BitMEX ($ 3 billion)is a cryptocurrency exchange that offersfutures and perpetual contracts using borrowed funds. In July 2018, BitMEX was valued at $3.6 billion. Other estimates place the actual value of the company at around $1 billion.
• Canaan Creative ($ 2 billion)is a manufacturer of mining equipment,which is inferior to Bitmain in terms of sales volume. Although the company's earnings have been declining recently, Canaan has managed to maintain its unicorn status and was valued at between $2 billion and $3 billion at the time of its recent IPO.

The unicorns listed above aregenerally recognized titans of the crypto industry. However, there are other unicorns that barely hold their ground - companies like Dfinity, Ebang, Bitfury, Liquid, Revolut, and Polkadot, which cost just over $ 1 billion.

However, in the crypto industry there are also such companies that do not reach a value of $ 1 billion, but retain a strong position in the business.

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