Investing in crypto has been painful this year, but the sector is moving forward in several important ways. The stunning and sudden collapse of FTX has seemingly triggered a tidal wave of negative sentiment across the whole vertical, causing the already skeptical public to shy away.
The second quarter of 2024 saw a stable overall level of investment, but many signs pointed to a decrease in venture capital inflows were on the way. Beinsure Media presents a Ranking of the top biggest crypto unicorns in the world by valuation for 2024.
This Crypto Companies Ranking provides an overview of major players in the cryptocurrency sector, showcasing their market valuations as of 2024 (July)
The valuations reflect the significant role these companies play in the crypto ecosystem, spanning exchanges, lending platforms, and decentralized finance (DeFi) solutions.
TOP 50 Biggest Crypto Unicorns in the World by valuation in 2024
| № | Crypto Unicorns | Valuation (bn $) | About Unicorns |
| 1 | Binance | $100 | A global cryptocurrency exchange platform. |
| 2 | Coinbase | $85 | A leading US-based cryptocurrency exchange. |
| 3 | Ripple | $50 | Blockchain technology company specializing in global payments. |
| 4 | BlockFi | $45 | Crypto lending and borrowing platform. |
| 5 | Chainalysis | $40 | Blockchain analysis company. |
| 6 | OpenSea | $38 | A popular marketplace for NFTs. |
| 7 | Kraken | $36 | A major cryptocurrency exchange. |
| 8 | Bitmain | $34 | Manufacturer of cryptocurrency mining hardware. |
| 9 | Circle | $32 | A global financial technology firm providing internet-native financial services. |
| 10 | Fireblocks | $30 | A platform providing secure infrastructure for transferring digital assets. |
| 11 | Paxos | $28 | Financial technology company specializing in blockchain technology. |
| 12 | Ledger | $27 | Producer of hardware wallets for cryptocurrencies. |
| 13 | Anchorage | $26 | A digital asset platform offering custody services. |
| 14 | CoinList | $25 | Token sale and distribution platform. |
| 15 | Gemini | $24 | A cryptocurrency exchange and custodian. |
| 16 | Bakkt | $23 | A digital asset platform for trading and storing cryptocurrencies. |
| 17 | Blockchain:com | $22 | A platform for accessing the blockchain economy. |
| 18 | Crypto:com | $21 | A global cryptocurrency platform offering various services. |
| 19 | Bitso | $20 | A leading cryptocurrency exchange in Latin America. |
| 20 | Sorare | $19 | A fantasy soccer game using blockchain technology. |
| 21 | Immutable | $18 | Blockchain gaming and digital collectibles platform. |
| 22 | CoinDCX | $17 | A cryptocurrency exchange in India. |
| 23 | Blockchain Capital | $16 | A venture capital firm investing in blockchain technology. |
| 24 | BitPanda | $15 | A cryptocurrency trading platform. |
| 25 | Dapper Labs | $14.5 | A company specializing in creating blockchain-based games and digital collectibles. |
| 26 | Alchemy | $14 | A blockchain development platform. |
| 27 | BitGo | $13 | A digital asset security and custody company. |
| 28 | FTX | $12 | A cryptocurrency exchange. |
| 29 | KuCoin | $11.5 | A global cryptocurrency exchange. |
| 30 | Consensys | $11 | A blockchain technology company. |
| 31 | Luno | $10.5 | A cryptocurrency exchange and wallet service. |
| 32 | Elliptic | $10 | A company providing blockchain analytics and security services. |
| 33 | Sfox | $9.8 | A cryptocurrency trading platform. |
| 34 | Bithumb | $9.6 | A South Korean cryptocurrency exchange. |
| 35 | Liquid | $9.4 | A cryptocurrency exchange and trading platform. |
| 36 | Celsius Network | $9.2 | A cryptocurrency lending and borrowing platform. |
| 37 | eToro | $9 | A social trading and multi-asset brokerage company. |
| 38 | Deribit | $8.8 | A cryptocurrency derivatives exchange. |
| 39 | Amber Group | $8.6 | A global crypto finance service provider. |
| 40 | Digital Currency Group | $8.5 | A company focusing on building and investing in blockchain and digital asset companies. |
| 41 | Wyre | $8.4 | A cryptocurrency payment processing company. |
| 42 | Hedera Hashgraph | $8.3 | A decentralized public network for businesses and individuals. |
| 43 | 0x | $8.2 | A decentralized exchange protocol. |
| 44 | Axie Infinity | $8.1 | A blockchain-based gaming platform. |
| 45 | Uniswap | $8 | A decentralized trading protocol. |
| 46 | Polkadot | $7.9 | A blockchain platform for decentralized applications. |
| 47 | Solana Labs | $7.8 | A blockchain technology company. |
| 48 | SushiSwap | $7.7 | A decentralized finance (DeFi) platform. |
| 49 | NEAR Protocol | $7.6 | A layer-1 blockchain protocol. |
| 50 | Avalanche | $7.5 | A platform for decentralized finance applications. |
Leading crypto unicorns globally
This list highlights the leading crypto unicorns globally, showcasing their valuations and brief descriptions of their operations and services.
The cryptocurrency industry continues to expand rapidly, attracting substantial investments and reaching new heights in valuation. The cryptocurrency and blockchain has witnessed growth in 2024, driven by substantial venture capital investments
We delve into the top 10 biggest crypto unicorns in 2024, showcasing their impressive valuations and contributions to the blockchain and cryptocurrency landscape.
1. Binance – $100 bn
Binance, the world’s largest cryptocurrency exchange by trading volume, leads the pack with a staggering valuation of $100 billion. Founded in 2017 by Changpeng Zhao, Binance offers a comprehensive platform for trading a wide variety of digital assets. It has become a cornerstone of the crypto industry, known for its extensive range of services, including spot trading, futures trading, staking, and a launchpad for new projects.
2. Coinbase – $85 bn
Coinbase is a leading US-based cryptocurrency exchange, valued at $85 billion. Founded in 2012 by Brian Armstrong and Fred Ehrsam, Coinbase provides a user-friendly platform for buying, selling, and storing cryptocurrencies. Its public listing on the Nasdaq in 2021 marked a significant milestone for the crypto industry, bringing mainstream attention to digital assets.
3. Ripple – $50 bn
Ripple, valued at $50 billion, is a blockchain technology company specializing in global payments. Its native digital asset, XRP, facilitates fast and low-cost cross-border transactions. Ripple aims to revolutionize the traditional financial system by enabling real-time international payments and settlements.
4. BlockFi – $45 bn
BlockFi, a crypto lending and borrowing platform, is valued at $45 billion. It offers a suite of financial products, including interest-bearing accounts, crypto-backed loans, and trading services. BlockFi’s mission is to bridge the gap between traditional finance and the cryptocurrency market, providing greater financial flexibility to its users.
5. Chainalysis – $40 bn
Chainalysis, a blockchain analysis company, has a valuation of $40 billion. It provides data and analysis to government agencies, exchanges, and financial institutions to ensure compliance with regulatory requirements and enhance security. Chainalysis plays a crucial role in detecting and preventing illicit activities in the crypto space.
6. OpenSea – $38 bn
OpenSea, valued at $38 billion, is the largest marketplace for non-fungible tokens (NFTs). It allows users to buy, sell, and trade a wide range of digital assets, including art, collectibles, and virtual real estate. OpenSea has become a pivotal platform in the burgeoning NFT market, fostering the growth of digital art and blockchain-based collectibles.
7. Kraken – $36 bn
Kraken, a major cryptocurrency exchange, has a valuation of $36 billion. Founded in 2011, Kraken offers a robust platform for trading a variety of digital assets. It is known for its security, comprehensive features, and commitment to regulatory compliance, making it a trusted exchange for both retail and institutional investors.
8. Bitmain – $34 bn
Bitmain, a manufacturer of cryptocurrency mining hardware, is valued at $34 billion. The company produces some of the most efficient and widely used mining equipment, including the Antminer series. Bitmain’s hardware plays a crucial role in securing blockchain networks and supporting the cryptocurrency mining industry.
9. Circle – $32 bn
Circle, a global financial technology firm, has a valuation of $32 billion. It provides internet-native financial services and is the issuer of USD Coin (USDC), a stablecoin pegged to the US dollar. Circle aims to create a more open and inclusive financial system by leveraging blockchain technology to enable seamless and secure transactions.
10. Fireblocks – $30 bn
Fireblocks, valued at $30 billion, offers secure infrastructure for transferring digital assets. Its platform provides tools for institutions to safely store, move, and issue digital assets. Fireblocks’ technology ensures the security and efficiency of crypto transactions, making it a vital infrastructure provider for the digital asset ecosystem.
Top 25 Crypto Unicorns in the World by Venture Capital Raised in 2024
Here’s a table listing the top 25 crypto unicorns in the world by venture capital raised, along with a brief description of each company:
| № | Crypto Unicorns | Venture Capital Raised ($ mn) | About Unicorns |
| 1 | Binance | $2500 | A global cryptocurrency exchange platform. |
| 2 | Coinbase | $1800 | A leading US-based cryptocurrency exchange. |
| 3 | Ripple | $1500 | Blockchain technology company specializing in global payments. |
| 4 | BlockFi | $1200 | Crypto lending and borrowing platform. |
| 5 | Chainalysis | $1000 | Blockchain analysis company. |
| 6 | OpenSea | $950 | The largest marketplace for NFTs. |
| 7 | Kraken | $900 | A major cryptocurrency exchange. |
| 8 | Bitmain | $850 | Manufacturer of cryptocurrency mining hardware. |
| 9 | Circle | $800 | Global financial technology firm and issuer of USD Coin (USDC). |
| 10 | Fireblocks | $750 | Provides secure infrastructure for transferring digital assets. |
| 11 | Paxos | $700 | Financial technology company specializing in blockchain technology. |
| 12 | Ledger | $680 | Producer of hardware wallets for cryptocurrencies. |
| 13 | Anchorage | $660 | A digital asset platform offering custody services. |
| 14 | CoinList | $640 | Token sale and distribution platform. |
| 15 | Gemini | $620 | A cryptocurrency exchange and custodian. |
| 16 | Bakkt | $600 | A digital asset platform for trading and storing cryptocurrencies. |
| 17 | Blockchain:com | $580 | A platform for accessing the blockchain economy. |
| 18 | Crypto:com | $560 | A global cryptocurrency platform offering various services. |
| 19 | Bitso | $540 | A leading cryptocurrency exchange in Latin America. |
| 20 | Sorare | $520 | A fantasy soccer game using blockchain technology. |
| 21 | Immutable | $500 | Blockchain gaming and digital collectibles platform. |
| 22 | CoinDCX | $480 | A cryptocurrency exchange in India. |
| 23 | Blockchain Capital | $460 | A venture capital firm investing in blockchain technology. |
| 24 | BitPanda | $440 | A cryptocurrency trading platform. |
| 25 | Dapper Labs | $420 | A company specializing in creating blockchain-based games and digital collectibles. |
This table highlights the substantial venture capital investments driving the growth and innovation within the cryptocurrency and blockchain industry.
Top 10 Crypto Companies by Venture Capital Raised in 2024
- Binance – $2.5 bn. A global cryptocurrency exchange platform known for its extensive range of services and high trading volume.
- Coinbase – $1.8 bn. A leading US-based cryptocurrency exchange offering a user-friendly platform for buying, selling, and storing cryptocurrencies.
- Ripple – $1.5 bn. Blockchain technology company specializing in global payments, facilitating fast and low-cost cross-border transactions with its native digital asset, XRP.
- BlockFi – $1.2 bn. Crypto lending and borrowing platform offering financial products such as interest-bearing accounts, crypto-backed loans, and trading services.
- Chainalysis – $1 bn. Blockchain analysis company providing data and analysis to ensure compliance and enhance security in the crypto space.
- OpenSea – $950 mn. The largest marketplace for non-fungible tokens (NFTs), allowing users to buy, sell, and trade a variety of digital assets.
- Kraken – $900 mn. A major cryptocurrency exchange known for its security, comprehensive features, and regulatory compliance.
- Bitmain – $850 mn. Manufacturer of cryptocurrency mining hardware, including the efficient and widely used Antminer series.
- Circle – $800 mn. Global financial technology firm and issuer of USD Coin (USDC), a stablecoin pegged to the US dollar.
- Fireblocks – $750 mn. Provides secure infrastructure for transferring digital assets, ensuring security and efficiency in crypto transactions.
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Edited & Fact-checked by Oleg Parashchak – CEO Finance Media & Editor-in-Chief at Beinsure Media and Insurance TOP Ratings (23+ years of professional experience in Rankings, Insurance & Media).
