- Unicorns are a sporadic breed of Companies that have crossed the $1 billion valuation mark.
- The Unicorn list must not be utilized as a parameter to determine the success rate of other companies, under the said value, in all cases.
- The companies mentioned above have acquired their status through its high valuation.
This article deals with the 10th to 1th most valuable blockchain companies belonging to the Unicorn breed. Unicorns are a sporadic breed of companies that have crossed the $1 billion valuation mark.
Only around 500 organizations belong to this class, globally.
Binance- $2 Billion:
Binance a platform responsible for providing services like Binance Coin and Binance Chian is known to be the largest exchange platform based on trading volume. The company was valued at $2 billion as of October, by Changpeng Zhao, its CEO and also claimed that the figure may be higher.
Canaan Creative- $2 Billion:
Canaan Creative, a mining company that is considered second to Bitmain in terms of mining hardware sales, is estimated to be valued at $2 billion dollars and $3 billion during its recent IPO. The company has attained this position despite its recent decline in profits.
Circle- $3 Billion:
Circle, an organization that started as a payments company and subsequently expanded to trading and investment, is a composite crypto services company. The circle can also be accounted for the popular stablecoin, USD Coin. As of 2018, Circle was valued at $3 billion, an outcome of a $100 million funding round.
BitMEX- $3 Billion:
BitMEX a crypto-exchange company that primarily offers futures and perpetual contracts were valued at $3.6 Billion based on annual profits as reported by the Times in July 2018. However, the organization’s other estimations indicate the actual value to be around $1 billion.
Block.one- $3 Billion:
Block.one the company responsible for EOS, is the seventh-largest cryptocurrency The company is also known for its status as a primary Ethereum competitor. Block.one is valued at $3 billion in March, according to a report from Bloomberg. A notable part of this value is kept in the state of liquid fiat assets.
Kraken- $4 Billion:
Kraken, a crypto-company which recently expanded, is valued at $4Billion. This was the result of a $13 million funding round which was closed during the same period. The expansion included acquisition of futures trading platform, undergoing a rebrand and hiring more employees.
Ripple- $5 Billion:
Ripple is the third-largest cryptocurrency in the crypto-market. The company is attributed to the brains behind the platform known as XRP. Apart from that, the company facilitates financial services under the banner RippleNet. As of September 2018, the company is valued, based on a report from Forbes, at $4.7 Billion.
Robinhood- $7 Billion:
Robinhood, an organization that started out as a stock trading platform and subsequently added crypto trading to its business, is valued $7 billion as of May. The company is popular for its millennial contribution which becomes a significant factor for its success.
Coinbase- $8 Billion:
Coinbase, a company that announced its $8 billion valuations in October 2018, is popular for its professional and retail trading platforms including other revenue streams as well. The company provides Coinbase Custody and Coinbase Commerce to institutional investors and merchants respectively.
Bitmain- $12 Billion:
Bitmain, the highest valued crypto company, has accumulated wealth by several methods which includes selling Bitcoin mining hardware, operating mining pools and mining farms and also through venture capital. Bitmain has a valuation, as reported by the Chinese news outlet Caixin in June 2018, of about $12 billion, a number originally
Why does it matter?
The companies mentioned above have acquired their status through its high valuation, which can be purported to be a rare phenomenon in the crypto market. However, the above-mentioned list is not exhaustive.
There are other notable organizations including Ebang, Bitfury, Liquid, etc. who thrives to maintain this position barely. Apart from that, the Unicorn list must not be utilized as a parameter to determine the success rate of other companies, under the said value, in all cases.
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