Numerous crypto companies have appeared in the second issue of CB Insights Fintech 250 list. For this list 250 of the most promising fintech companies are annually picked out.
The list is compiled out of a pool of 4,000 companies based on submitted data including market viability and business models. The company then implements an algorithm which predicts the growth and prosperity of the business based on the acquired information.
The list includes 113 crypto startups that are referred to as “insurgent” for trying to the traditional financial services. Some of the more eye-catching crypto and blockchain companies that made the list are Ripple labs, Coinbase, Robinhood, Coins.ph, BitPesa, Revolut, Xapo, and BitFlyer. Despite an overall bearish year for the crypto sector, these companies showed prominent growth.
WHY IS IT IMPORTANT?
- Crypto companies are rapidly growing making themselves known to the financial and technological world.
- Also, with each year blockchain startups and businesses are being taken more seriously as more people are coming to the conclusion that this technology will only flourish in the future.
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