CB Insights has released its third annual „Fintech 250“ list.
In this 2020 release, cryptocurrency companies have their own category.
In this category, we find in particular Binance, Coinbase or BlockFi
The third annual “Fintech 250” list has been released, and a growing number of cryptocurrency companies and projects have taken center stage.
For the third year in a row, New York-based business analytics firm CB Insights released its annual list of the top companies in financial technology.
The companies were selected by the CB Insights intelligence unit from among more than 16,000 and represent “the most promising of these companies globally”.
According to the report, the 2020 cohort has raised a staggering total funding of $ 49.2 billion, spread across 1,000 deals since 2015. The list includes new start-ups, expanding companies and thirty-two companies valued at over a billion dollars.
In previous years, cryptocurrency companies weren’t very present on this list. This year, however, things are somewhat different. The term “Crypto” has thus been assigned a category in its own right.
Unsurprisingly, top exchanges like Binance and Coinbase were added to the list, along with a few other well-known names like BlockFi, Blockchain.com, and Ledger. Coinbase has been honorably mentioned as the best funded startup in the crypto category. The Robinhood app for its part won this place for retail investment.
The rest of the list is made up of companies that are a little less well known
Founded in 2013, Symbiont has quietly developed a market-leading platform for institutional applications of blockchain technology. Also included is MoneyTap, which created the first app-based line of credit in India and currently has millions of users. There is also SFOX, a premier cryptocurrency broker, very popular with professional traders and institutional investors.
It’s easy to ignore such arbitrary lists, but Binance CEO Changpeng Zhao took notice. He notably said on Twitter : “A lot of crypto projects / companies have been on this list, #Binance being one of them”.
On social media, many others hailed the news as further proof of the growing maturity of cryptocurrencies.