Forbe's Fin-Tech 50 2020: Notable Crypto Companies

From Fintech 50's list are three crypto related companies that performed rather well for the 2019 fiscal year; these first three notable companies are Chainalysis, Everledger, and MakerDAO reports Forbes. Chainalysis generated a revenue of $8 million in the last fiscal year, MakerDAO generated $10 million in interest loans by using cryptocurrency as collateral, and Everledger is using its blockchain to track 900,000 carats of diamonds. 

Three more noteworthy companies who had used cryptocurrency, but are now gone from the list are Bitfury, Circle, and Gemini. Bitfury fell off the list after making $500 million revenue in 2018, Gemini declined to share its core trading business information and also dropped, while Circle refocused on "stablecoins" that served no purpose as risky instruments without the delays for cross-border transaction. 

Three other companies are Axoni, Coinbase, and Ripple. Ripple is the payment company who created the XRP that is now being used for 10% of Moneygram transaction across the U.S. and Mexico. Axoni with its early users like Goldman Sachs and Citigroup, launched new equity swaps platforms. Coinbase is currently focused on institutional investors.

By Claudia Rivera

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