Market Value

Report: Among cryptocurrency listed companies, Coinbase's market value is more than twice that of the total market value of the next nine companies

ChainCatcher news, CoinGecko recently released a report stating that there are 46 publicly listed blockchain companies worth noting, most of which are listed on Nasdaq, totaling 24. The largest to date is the cryptocurrency exchange Coinbase (COIN), with a market capitalization of $71.2 billion, far exceeding the second-ranked Galaxy Digital (GLXY), which has a market capitalization of $6.7 billion.Coinbase's market capitalization is more than twice the total market capitalization of the next nine largest blockchain companies ($33.2 billion). On the New York Stock Exchange (NYSE), there are only two listed companies from the cryptocurrency sector, namely Bit Mining (BTCM) and Hyperscale Data (GPUS), while Galaxy Digital, led by Michael Novogratz, is only listed on the Toronto Stock Exchange (TSX).It is worth mentioning that there are 47 blockchain companies listed on various exchanges in Canada, from TSX and TSX Venture to CSE and Cboe. Among the 46 largest publicly listed blockchain companies, most focus on cryptocurrency mining, with a total of 25 companies.Although some companies have expanded from mining to artificial intelligence and Web 3 solutions, such as Bluesky Digital Assets, they can generally be divided into five areas, including mining, technology and services, finance and investment, digital payments, and trading platforms.
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