May 4, 2024

Nine crypto-currency companies entered the Forbes Fintech 50 list

Forbes included nine cryptocurrency projects in the ranking of the most innovative private companies in the field.financial technology 2022.

Together, these nine firms have raised $6.5 billion in venture capital investment, most of which has come in the past 12 months, according to the magazine.

Leading the way is FTX, with a $32 billion valuation, making it the third-largest U.S.-headquartered private fintech company.

This is followed by two newcomers - the OpenSea NFT marketplace ($13.3 billion) and the Alchemy blockchain platform ($10.2 billion).

They are followed by USDC stablecoin creator Circle ($9 billion), list veteran Chainalysis ($8.6 billion) and custodian Fireblocks ($8 billion).

Forbes did not provide an assessment of Ava Labs, the developerAvalanche blockchain, but back in April, the media estimated the company at $5.25 billion. At the same time, the native token of the AVAX platform has a market capitalization of $8.5 billion.

The penultimate place among crypto companies was taken by Paxos ($2.4 billion). 

Only one member of the Bitcoin Fintech 50 industry has yet to achieve unicorn status, and that is Chainalysis competitor TRM Labs, with a $600 million valuation.

Recall that in the fall of 2021, Forbes named the 400 richest US billionaires, including seven representatives of the bitcoin industry.