A total of nine cryptocurrency and blockchain firms, including FTX and OpenSea made it to the 2022 list of the Forbes Fintech 50 which was published on Tuesday.
All the nine firms have gathered a total of US$6.5 billion in venture capital, as per Forbes. The list features private companies with operations in the United States.
Forbes observed that crypto companies and business-to-business neobanks are gaining extensively in obtaining venture capital.
Sam-Bankman Fried’s crypto exchange and trading platform FTX was valued at $32 billion. The Bahamas-based crypto exchange collected $500 million in funding earlier this year reaching a total valuation of $32 billion. FTX is ranked first in the total nine companies included.
The NFT marketplace, OpenSea, was valued at $13.3 billion. This is OpenSea’s first appearance on the Forbes list and it was second among the nine crypto and blockchain firms on the list. OpenSea is constantly dominating the NFT market, with over 1.5 million accounts traded on its platform.
Crypto and blockchain Fintechs that were included in the Fintech50 lists are:
- Alchemy at $10.2 billion,
- AVA Labs at $8.5 billion,
- Chainalysis at $8.6 billion,
- Fireblocks at $8 billion,
- TRM Labs at $600 million,
- Paxos at $2.4 billion and lastly,
- USDC creator Circle at $9 billion.
Crypto and blockchain firms are garnering massive attention as well as funds. In a similar fashion, the USA based crypto exchange, Coinbase made history by joining Fortune 500 list and becoming the first crypto company to do so.
