Blockchain startups hit the top 250 fintech companies

Blockchain startups hit the top 250 fintech companies
CONTENT

  • CB Insights Releases Third Annual Fintech 250 List

  • The 2020 version includes many companies in the cryptocurrency sector

  • The category includes such giants as Binance, Coinbase and BlockFi

International consortium of news organizations developing transparency standards.

The third annual Fintech 250 list includes many cryptocurrency companies and projects.

Blockchain startups hit the top 250 fintech companies

For the third consecutive year, New York-based think tank CB Insights publishes annual listings of the most popular fintech firms.

The companies are selected by experts from the analytical department of CB Insights from more than 16 thousand applicants and represent “the most promising projects at the global level”.

Leaders in 2020 have raised a combined total of $ 49.2 billion in funding and completed 1,000 deals since 2015, according to a published report. The list includes new startups, large-scale projects and thirty-two companies worth over a billion dollars.

In previous years, cryptocurrency companies were hardly featured on this list. But this time they were even singled out as a separate category..

Source: CB Insights

The list includes leading exchanges such as Binance and Coinbase, as well as several other well-known names in narrow circles, including BlockFi, Blockchain.com and Ledger. Coinbase is cited as the most funded startup in the crypto category, and Robinhood is ranked as the best in retail investment. Earlier, the editorial staff of BeInCrypto reported that Coinbase and Binance went offline amid sharp market movements.

Blockchain startups hit the top 250 fintech companies

The rest of the list was filled in by slightly less well-known companies..

Founded in 2013, Symbiont has developed the market-leading platform for institutional blockchain applications. There is also MoneyTap, which created India’s first lending application and currently boasts millions of users, and SFOX, which is a cryptocurrency prime dealer popular with professional traders and institutional investors..

Such arbitrary lists are easy to disprove, but Binance CEO Changpeng Zhao tweeted:

“There are many crypto projects / companies on this list, and #Binance is one of them.”.

Many other representatives of the cryptocurrency industry have also hailed the news on social media as further evidence of the growing maturity of the industry..

The full list and CB Insights report can be found on the project website.

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