The future of crypto and blockchain: Fintech50
and Venmo’s crypto brokerage services, providing access to bitcoin, ether and a handful of other major cryptocurrencies to more than 350 million customers. Other debutants include leading cryptocurrency custodians Anchorage and Fireblocks. As more corporations and institutional investors awoke to the crypto disruption and engaged in amassing, crypto custody services saw a massive spike in interest.
One notable graduate of the list is Coinbase, the largest cryptocurrency exchange in the United States, which shook the industry and public markets with its April 14 Nasdaq debut – the largest direct listing in history. At one point during the opening day, Coinbase’s market cap exceeded $100 billion, setting a high bar for crypto startups still eyeing a public offering. Two of this year’s members, Kraken and Gemini , have discussed going public in the future.
Regulated custodian offering institutions lending, trading, financing and staking of crypto. In January, Anchorage, a South Dakota trust company, became among the first crypto-native firms to be granted a conditional national trust bank charter by the Comptroller of the Currency. Funding: $504 million from Tiger Global Management, Susquehanna Government Products, Pomp Investments and othersBona fides: Over the past year, assets under management have grown from $1 billion to $20 billion, while monthly revenues have jumped from $1 million to more than $45 million and its workforce has expanded from 75 to 500.
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