Crypto news

Forbes ranked nine cryptocompanies at once

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

According to the magazine, together these nine firms attracted $6.5 billion in venture capital investment, most of which came in the last 12 months.

Leading the way among them is FTX, a cryptocurrency exchange with a valuation of $32 billion, making it the third largest private fintech company headquartered in the United States.

Next are two newcomers, NFT marketplace OpenSea ($13.3 billion) and blockchain platform Alchemy ($10.2 billion).

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

Forbes did not quote Ava Labs, the developer of the Avalanche blockchain, but back in April the media estimated the company at $5.25 billion, while the native token platform AVAX has a market capitalization of $8.5 billion.

The penultimate line among cryptocompanies was taken by Paxos ($2.4 billion).

Only one representative of the bitcoin industry from the Fintech 50 list has not yet reached unicorn status – it is Chainalysi’s competitor TRM Labs, with a valuation of $600 million.

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