The 5 biggest crypto companies in the world

Cryptocurrency has become an institutional investment model today. The currency model has been attracting major investments globally. During the start, it was only individuals interested in crypto investment.

But this website shows the growing interest in crypto investments institutions are taking advantage of. Today, cryptos are being accepted as an exchange model on many websites. Ranging from Microsoft PlayStation to Tesla merchandise, crypto today funds everything.

Along with cryptocurrency, there is an increase in its allied services. The number of crypto exchanges and blockchain technology-based companies has increased.

Investors are also increasingly aware of changes in the crypto industry. Seminars, workshops, and meetings are being undertaken on a regular basis. There is much following on news and entertainment media also about cryptos.

Other than cryptos, there are also other products like NFTs and decentralized exchanges. Another growing success may be attributed to the celebrity faces endorsing cryptos.

Let us understand about five biggest companies that made their success in crypto.

Chainalysis

A leading software firm that supports financial institutions. The company focuses on providing data on financial trends and blockchain. The company is tied with multiple institutions including banks and government bodies. The premium product or service that the company focuses on is compliance. Other than compliance, there are also services on risk and governance. GRC in popular terms is what this company serves.

The software currently used by Chainalysis can easily watch any fraudulent activities. The key focus is money laundering. This is a key advantage that has given the company leverage amongst others. The fear of hacking has now taken roots in the blockchain industry.

The company is currently serving more than 650+ other companies using its software. It leads from the financial exchange, banks, and capital firms. The company was also able to raise more than $75 million in the previous year.

Uniswap

Another company that has flourished and grown in the crypto industry. Uniswap is a leading crypto exchange. It works toward revolutionizing the blockchain platform. The exchange works on an open-source platform. Unlike other exchanges that work on centralized servers, Uniswap is different. The various functionalities offered by Uniswap are now leveraged by many. Institutions involved in banking, trading, and developers are making use of Uniswap. The company has been able to so far generate profits of more than $900 billion through trading. On average there are more than 95 million trades undertaken on Uniswap. At the end of 2021, there were more than 9 million users on this network.

Kraken

Yet another popular crypto exchange. Kraken became the first company to provide Bitcoin in exchange for UAE currency. It is also expanding its operation in more than 60 countries beyond its native California. Kraken recently obtained its license to establish its offices in the UAE. As per a recent report by Chainalysis, more than 7% of crypto trading is from the UAE. The country trades close to 30 million per year on cryptos.

Going by the trading volume, Kraken today has more than six million registered users. The exchange has more than 50 million trading volumes daily.

Sandbox

A gaming and metaverse platform that allows for the play-to-earn feature. The platform was initially available on mobile phones and computers for interested players. The blockchain-based platform allows users to create gaming avatars. Such user-created avatars can then trade the same. It is one of the popular and largely used gaming platforms. The total sales of Kraken were close to $350 million in 2021. More than 80% of these sales were possible in the last quarter of 2021. There has been an increase in the number of user adoption in the last quarter. There was an increase of more than 37% in the fourth quarter alone.

OpenSea As the name suggests, it is an open platform for non-fungible tokens. The platform has more than 600,000 users as of 2021. This is a whopping increase in the number of users. As of March 2020, the total registered users were only 4000 on this platform. The site also has a hit of more than 100 million visits each month. The company was able to sell more than $300 million worth of tokens in 2021.