Since the second half of 2021, there has been a rise in the number of Unicorns emerging in the Crypto world as the mainstream resistance towards Crypto started fading. More than 50 Cryptocurrency and Blockchain-related projects occupied the Unicorn status.

A Unicorn is a company that has been valued at more than one billion dollars by venture capitalists. A few examples of Unicorns in the mainstream are Airbnb, Uber, and Elon Musk’s Space X, which have all garnered a valuation in the tens of billions. In the Crypto space, Coinbase, the giant United States-based Crypto exchange, is a mindblowing example of how fast companies can rise to such prominent status. Here’s a list of the Top 15 Unicorn Crypto Companies:

Also read: 10 Public Companies With Huge Bitcoin Portfolios

1. CoinDCX - $1.1 billion

In March 2021, this New Jersey-based financial services company for Crypto consumers closed a $350 million Series D fundraising round, pushing its value at $3 billion. CoinDCX, an Indian Crypto exchange, recently announced that it has raised a $90 million Series C funding round. The Mumbai-based startup will go down in history as India's first Crypto company to attain Unicorn status, following an investment round led by B Capital Ground along with participation from Block.one, Polychain, Jump Capital, and Coinbase Ventures. To Date, CoinDCX has gathered over 3.5 million users and aims to use the funds from its latest fundraising to speed up the user onboarding process up to 50 million users in India.

In a press release, CoinDCX CEO Sumit Gupta  claimed that the firm “will be joining hands or stepping into alliances with important financial players to grow the Crypto investor base, establish a Research and Development (R&D) facility, boost policy debates through public discourse, working with the government to introduce favourable regulations, education, and ramping up recruiting initiatives.” This decision comes at a time when the Indian government’s attitude on Crypto is causing a lot of regulatory uncertainty. While different industry actors have proposed legal frameworks, the Indian government has opposed the usage of Cryptocurrency.

2. Bitpanda - $1.2 billion

Bitpanda is an Austrian firm, formerly known as Coinmal, which features a $1.2 billion valuation following a $170 million Series B funding round. Valar Ventures, a New York-based venture capital firm launched in 2010, led the investment round, which included backing from DST Global and other partners. Valar Ventures has been putting its toes in the Crypto waters more recently, and it is also a shareholder in the trading app Robinhood.

Bitpanda’s current financing is a step forward from its Series A round, which raised $52 million nine months ago. According to Bitpanda CEO Eric Demuth, the company has been profitable for the previous four years, demonstrating to investors the company’s ambition to become Europe’s premier Cryptocurrency payment and exchange platform.

3. Canaan Creative - $2 Billion

In terms of mining hardware sales, Canaan Creative is second to Bitmain. However, despite its long history of success, the firm’s revenues look to be declining. Nevertheless, Canaan has kept its unicorn status; its value was estimated between $2 Billion and $3 Billion during its recent IPO.

4. Binance - $2 Billion

Binance is the largest exchange in terms of trading volume, and it also offers a variety of additional features and services, such a s Binance Coin and Binance Chain. In an interview with ForkLog, CEO Changpeng Zhao asserted that Binance has a valuation of at least $2 billion and added that the actual number might be higher.

5. Bakkt - $2.1 billion

Bakkt was valued at $2.1 billion after coming public in January 2021 via a merger with VPC Impact Acquisition Holdings. In addition, the Bitcoin futures market backed by Boston Consulting Group and Microsoft received $207 million in cash and $325 million from other investors, with $50 million from Intercontinental Exchange. Bakkt plans to use the funds raised to work on consumer applications for digital assets. More than 400,000 consumers had pre-registered for the Bakkt app, which supports more than 30 reward schemes, according to reports. In addition, with a fully regulated Bitcoin derivatives futures and options market, the organisation offers Crypto trading and payment facilities.

Also read: The Secret Affair Between Cryptocurrency And Companies

6. Fireblocks - $2.2 billion

Since the beginning of the year, Fireblocks’ user base has grown from around 150 to 500. Additionally, in the last two quarters of 2021, the company’s annual recurring revenue climbed by almost 300 per cent. Fireblocks, a Crypto and Blockchain infrastructure provider, raised $133 million in its Series C fundraising round in the first quarter of 2021. After its Series D round on July 27th, the startup, which assists businesses by reducing the complexity of working with digital assets, raised an additional $310 million. In just five months, Fireblocks’ latest funding has pushed the company’s worth to $2.2 billion. According to its most recent funding, the New York-based firm has raised a total of $489 million since its inception.

7. Block.one - $3 Billion

Block.one is behind EOS, which is the seventh-largest Cryptocurrency and primary Ethereum competitor. Block.one is worth $3 billion, according to a shareholder email published by Bloomberg in March. It also asserted that Block.one holds most of that value as liquid fiat assets and government bonds - $2.2 billion.

8. Circle - $3 Billion

Circle is a Cryptocurrency service provider with a wide range of offerings. It began as a payments company but gradually expanded to include trading and investing services. USD Coin, a well-known Stablecoin, is also developed by Circle. Following a $100 million investment round in 2018, Circle reached a valuation of $3billion.

9. BlockFi -  $3 billion

In March 2021, this New Jersey-based financial services company for Crypto consumers closed a $350 million Series D fundraising round, pushing its value at $3 billion. BlockFi was founded by Zac Prince and Flori Marquez in 2017, and the firm managed to raise $50 million in its Series C round last year. BlockFi provides a variety of products to retail Crypto investors, including a Crypto exchange, an interest-bearing account, and low-interest Crypto loans. In addition, it is the only Crypto exchange with no commissions or transaction fees.

With these benefits, Blockfi’s user base has grown from over 10,000 at the end of 2019 to over 250,000 retail clients and 200 institutional investors and counting. Considering its latest funding round, BlockFi’s raised equity now stands at about $450 million since its inception.

10. Kraken - $4 Billion

Another significant Cryptocurrency exchange is Kraken. In February, the company saw a substantial expansion when it acquired a futures trading platform, rebranded, and employed numerous new staff. During the same time frame, Kraken completed a $13 million investment round, bringing its current valuation to $4 billion.

11. Ripple - $5 Billion

Ripple is the creator of XRP, the third most valuable Cryptocurrency on the market. Under the RippleNet name, the company also runs a number of payment and settlement services. Ripple’s market cap was $4.7 billion in September 2018- an amount that is different from XRP’s $9 billion market cap.

12. Blockchain.com - $5.2 Billion

Blockchain.com, formerly known as Blockchain.info, is a popular Crypto Wallet and exchange that has developed dramatically since its establishment in 2011. Blockchain.com raised $120 million during a fundraising round, bringing the platform’s worth to over $1 billion. Blockchain.com began as a Blockchain explorer, allowing users to view Bitcoin (BTC) Blockchains and all transactional data, including fees, a number of confirmations for each transaction, and wallet addresses.

Over 30 million active users use the platform, which has tripled in size in the last year. In addition to Bitcoin, Blockchain.com now supports the exploration and trade of additional Blockchain-based Cryptos. In March, Blockchain.com raised another $300 million, valuing the company at $5.2 billion. DST Global, VY Capital, and Lightspeed Venture Partners were among the venture capital companies involved in the company’s Series C investment.

13. Robinhood - $7 Billion

Robinhood originated as a zero-fee stock trading platform; then, in 2018, it initiated Cryptocurrency trading. Robinhood’s widespread appeal has likely helped its success. It is often referred to as “the trading app for millennials.” In May, it was revealed that the company was valued at $7 billion.

Also read: 15 Major Companies that Accept Crypto Payments

14. Coinbase - $8 Billion

Coinbase is most recognised for its professional and retail trading platforms, but the company also generates revenue from other sources. Coinbase Custody, for institutional investors, and Coinbase Commerce, for merchants, are two of the company’s most notable offerings. Coinbase reported in October 2018 that its valuation has exceeded $8 billion.

15. Bitmain - $12 Billion

Without a doubt, Bitmain is the most valuable Cryptocurrency firm. The mining company has amassed wealth by selling Bitcoin mining hardware, operating mining pools and mining farms, and attracting venture capital. As a result, Bitmain features a valuation of about $12 billion, reported by the Chinese news outlet Caixin in June 2018.

Disclaimer:- The author's thoughts and comments are solely for educational reasons and do not represent financial, investment, or other advice.