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Cryptocurrencies

The monetary systems of the blockchain

Overview

Cryptocurrencies are digital currencies that operate as a peer-to-peer medium of exchange through a computer network—usually the blockchain. These are cryptographically secured and do not rely on a central authority for management. Although cryptocurrencies such as eCash were already available, it was the launch of Bitcoin that brought this industry to the mainstream.

In addition to a medium of exchange, cryptocurrencies have been considered as an investment vehicle, with new developments such as stablecoins helping reduce the volatility risk associated with the digital asset. Exchanges help users swap their coins for other digital currencies or even fiat and enable access to other cryptocurrency-linked financial products. The increasing adoption of cryptocurrencies has also led many businesses to accept this as a payment method, with many startups emerging to build the infrastructure required to support this. Many central banks are also testing the waters with digital alternatives to their own fiat currencies (Central Bank Digital Currencies [CBDCs]) in partnership with solution vendors.

Note: Currently, we do not actively cover this industry, but we have identified it as a potential industry to add to our coverage.

More details

Market Mapping


Incumbents
Growth
Early
Seed
Pre-Seed
Digital Currencies
?
Stablecoin Issuers
?
Cryptocurrency Exchanges
?
Cryptocurrency Payments Infrastructure
?
CBDC Infrastructure
?
Blockchain.com
Blockchain.com
Blockchain.com
Blockchain.com
Blockchain.com
Bitcoin
Ethereum
Litecoin
Ripple
Stellar
Dogecoin
Dash
Monero
Crypto.com
Zcash
Decred
Bitcoincash
Jelurida
Safecoin
IOTA
Circle
Coinbase
Paxos
Gemini
MakerDAO
Binance
Tron
Tether
Crypto.com
Celo
Terra
Origin Protocol
Trust Token
Fei protocol
Reserve
AnchorUSD
Frax Finance
Neutrino Protocol
FTX
Circle
Coinbase
Blockchain.com
Gemini
Bithumb
Kraken
Uphold
BitStamp
Binance
Crypto.com
FalconX
KuCoin
Gate.io
BitFlyer
ByBit
ConsenSys
Stripe
JP Morgan
Visa
Mastercard
Bolt
Circle
Moonpay
Coinbase
Ripio
Stacks
BitPay
Bit2me
AlphaPoint
GreenboxPOS
Lightning Labs
BCB group
Fnality
Monetha
Flexa
Connext
Elrond
Coinpayments
Lightning Network
Horizen
Merge
NOWpayments
ConsenSys
JP Morgan
ecurrency mint
Bitt
Quant
ProsperUS

The Disruptors


Digital Currencies

?

Disruptors

?
Funding in USD Millions
Ripple
294
Zcash
1
Dogecoin
0
Dash
Unknown
Decred
Unknown
Monero
Unknown
Crypto.com
Unknown
Bitcoincash
Unknown
Watchlist
?
Stellar
Jelurida
Safecoin
IOTA

Stablecoin Issuers

?

Disruptors

?
Funding in USD Millions
Coinbase
Public - Market cap USD 14.5 bn
Circle
1111
Paxos
538
Gemini
424
MakerDAO
80
Celo
67
Terra
58
Origin Protocol
38
Trust Token
34
Fei protocol
19
Binance
0
Crypto.com
Unknown
Reserve
Unknown
Tron
Unknown
Tether
Unknown
Watchlist
?
AnchorUSD
Frax Finance
Neutrino Protocol

Cryptocurrency Exchanges

?

Disruptors

?
Funding in USD Millions
Coinbase
Public - Market cap USD 14.5 bn
FTX
1829
Circle
1111
Blockchain.com
490
FalconX
477
Gemini
424
Bithumb
200
KuCoin
180
Kraken
133
Uphold
75
Gate.io
74
BitFlyer
38
BitStamp
12
Binance
0
Crypto.com
Unknown
ByBit
Unknown

Cryptocurrency Payments Infrastructure

?

Disruptors

?
Funding in USD Millions
Coinbase
Public - Market cap USD 14.5 bn
GreenboxPOS
Public - Market cap USD 43.8 mn
Circle
1111
Moonpay
642
Ripio
94
Stacks
94
Lightning Labs
83
BitPay
74
Bit2me
65
BCB group
64
Fnality
63
Monetha
37
AlphaPoint
23
Flexa
20
Connext
16
Elrond
2
Lightning Network
Unknown
Horizen
Unknown
Watchlist
?
Merge
Coinpayments
NOWpayments

CBDC Infrastructure

?

Disruptors

?
Funding in USD Millions
Bitt
31
ecurrency mint
Unknown
Quant
Unknown
Watchlist
?
ProsperUS

Ripple

Ripple provides one frictionless experience to send money globally using the power of blockchain. It offers a global real-time payment system that enables banks and financial institutions around the world to directly transact with each other without the need for a central correspondent. The company also offers FX Market Making, a solution enabling enterprises to gain access to cross-currency liquidity through a distributed network that allows foreign exchange to be externally sourced from a competitive FX marketplace or an internal FX trading desk. This minimizes FX exposure thereby lowering the volatility and counter-party risk of trades. Ripple Insights features industry updates, insider perspectives, and in-depth market analysis.

Segment:
Digital Currencies
Total funding:
USD 293.8 million
Disruptor Funding History

Digital Currencies:

Ripple
Zcash
Dogecoin
Stellar

Stablecoin Issuers:

Coinbase
Circle
Paxos
Gemini
MakerDAO
Celo
Terra
Origin Protocol
Trust Token
Fei protocol
Binance
AnchorUSD

Cryptocurrency Exchanges:

Coinbase
FTX
Circle
Blockchain.com
FalconX
Gemini
Bithumb
KuCoin
Kraken
Uphold
Gate.io
BitFlyer
BitStamp
Binance

Notable Investors


No investor data is available

Funding data are powered by Crunchbase
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