The Future Of Crypto And Blockchain: Fintech 2022
The Future Of Crypto And Blockchain: Fintech 2022
The cryptophiles are settling into the realities of a bear market, but their recent triumphs should not be lost.
A record nine cryptocurrency-focused companies made it onto this year’s Forbes Fintech 50 list–an honor roll of the most innovative private companies in fintech. Collectively, these nine trailblazers have raised $6.5 billion in venture capital, with the lion’s share of that coming within the past 12 months.
Leading the pack is billionaire Sam Bankman-Fried’s crypto exchange FTX, which raised $1.5 billion in private funding last year alone, jolting its valuation from $1.2 billion to $25 billion. A $500 million raise this past January took its valuation to $32 billion, making it the third most valuable private fintech headquartered or doing business in the U.S. With its rapidly growing U.S. business, FTX US (valued separately at $8 billion), the Bahamas-based firm is going after its list predecessors Coinbase, Kraken and Gemini’s chunk of the customer base .
So, there is still a big market and prospects for cryptocurrencies in the future, let's learn more and explore more.
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