total 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.

Artemis Founder: Traditional financial participants will drive the total market value of cryptocurrencies to over $100 trillion

ChainCatcher news, Jon Ma, the founder of the encrypted data platform Artemis, shared his cryptocurrency investment journey. He first encountered Bitcoin in 2015 through a computer science course but did not pay much attention to it; he only began purchasing cryptocurrencies like BTC and Litecoin at the peak of the bull market in 2017. Conversations with ShapeShift founder Erik Voorhees made him realize that government and currency could be separated.After that, he missed the DeFi summer of 2020 and the NFT boom of 2021, returning to the crypto market only in mid-2021, purchasing SOL and Solana NFTs through FTX US, and engaging with projects like ENS and Wonderland Money. He also participated in Axie Infinity with his girlfriend and established a scholarship program in the Philippines.Ma stated that compared to traditional SaaS, fintech, and internet consumer sectors, cryptocurrency has created a larger global labor and financial system. Looking ahead, he expects traditional finance (TradFi) participants to drive the market capitalization of crypto assets from the current $3.5 trillion to over $100 trillion.With major asset management institutions like Fidelity and BlackRock launching digital asset ETFs, and payment giants like Stripe and Visa entering the crypto payment space, traditional finance participants are expected to become the main force shaping the global digital financial system after 2025.
ChainCatcher Building the Web3 world with innovators