9 cryptocurrency companies make the list

Forbes Fintech 50: Despite the cryptocurrency winter, the number of cryptocurrency companies listed in Forbes Fintech 50 2022 is higher than last year.

Another Web3 record broken. There are 9 companies focused on cryptocurrencies that have been included in the Forbes Fintech 50 2022 list.

This number surpasses the 8 crypto companies in the Forbes Fintech 50 2021 last year’s list.

Collectively, the 9 cryptocurrency companies which this time are included in the Forbes Fintech 50 list have raised total funding of approximately $ 6.5 billion from various investors. Most of the investment injections have occurred in the past 12 months.

The list of crypto companies included in this list includes FTX, OpenSea, Alchemy, Ava Labs, Circle Internet Financial, Chainalysis, Fireblocks, Paxos, and TRM Labs.

In comparison, a total of 8 cryptocurrency companies which were included in the Forbes Fintech 50 2021 list in total raised approximately $ 1.7 billion in funding. Crypto companies included in the list at the time included Alchemy, Anchorage, BlockFi, Chainalysis, Fireblocks, Gemini, Kraken, Paxos.

The list

The Forbes Fintech 50 is an honorary list for the most innovative private companies in the world of financial technology (fintech).

As for the growing number of cryptocurrency companies on the Fintech 50 list this year, Forbes noted that cryptocurrency advocates are now adjusting to the reality of a market that is either bearish or experiencing a downtrend. Forbes thinks small wins like this need to be kept.

Forbes Fintech 50 list for 2022

Forbes Fintech 50 Top 5

First, there is the FTX Cryptocurrency Exchange led by Sam Bankman-Fried, who managed to pocket a total funding of $ 1.8 billion from Sequoia, Temasek, Thomas Bravo, among others. It has a valuation of $ 32 billion.

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Second, the non-fungible token market (NFT). Offshore received $ 423 million in funding from Andreessen Horowitz (a16z), Paradigm and Haun Ventures, among others. It has a valuation of $ 13.3 billion.

The third place was occupied by the web3 infrastructure provider Alchemy with total funding of $ 413 million from a16z, Silver Lake, Lightspeed Venture Partners and others, with a valuation of $ 10.2 billion.

The fourth place is occupied by the creator of the Avalanche blockchain, Ava Labs. Forbes does not share Ava Labs’ valuation, but estimates that the market cap or market cap of the avalanche token’s native AVAX is $ 8.5 billion.

The fifth is Internet Finance circlel, the entity behind the USD Coin (USDC) stablecoin. He made the list by raising $ 1.5 billion in funding from BlackRock to Fidelity. It has a valuation of $ 9 billion.

Forbes Fintech 50 Last 5

Sixth, Chain analysis offers cryptographic and compliance investigation services. It managed to raise $ 535 million in funding from Coatue, Paradigm, Accel and others. It has a valuation of $ 8.6 billion.

Seventh, Fireblock is an institution-centric cryptocurrency custodian. It raised a $ 1.2 billion investment injection from BNY Mellon, Coatue, Ribbit Capital and others. It has a valuation of nearly $ 8 billion.

The eighth is Step. It is a blockchain infrastructure platform that supports cryptocurrency buying and selling services in Venmo and PayPal. Paxos has received $ 540 million in funding from the Founders Fund and a number of other investors. It has a valuation of $ 2.4 billion.

In ninth place it is TRM laboratories. They are backed by Blockchain Capital and Tiger Global with an investment injection of $ 80 million. The company helps government agencies investigate money laundering, crypto fraud and other financial crimes by analyzing blockchain data.

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Interestingly, TRM Labs is the only cryptocurrency company on the Forbes Fintech 50 2022 list whose valuation has only reached $ 600 million, meaning it has not yet achieved unicorn status.

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