A Closer Look at the Biggest Blockchain Companies

Blockchain technology is here to stay. What was previously regarded with distrust is now welcomed by some of the world's most powerful corporations. This year, around 40 million individuals are adopting blockchain technology. However, this figure is expected to rise as more organizations aim to begin adopting the technology shortly, if they haven't already. But who is driving the blockchain revolution? Which firms have built a reputation for themselves as well as their technology? In this post, we will look at some of the largest blockchain enterprises in the world. 

We will examine their company approach, financials, and items available. Maybe you'll find some ideas!

Circle

Jeremy Allaire and Sean Neville founded Circle, one of the world's largest blockchain firms, in October 2013. Circle Pay, a peer-to-peer (P2P) payment system, allows clients to pay, hold, transmit, and receive fiat currencies. It began delivering bitcoin services two years after its first debut. It was granted a BitLicense in New York before receiving a virtual currency license from the UK government. As a result, Circle Pay may also be used as a Bitcoin wallet.

In 2018, they were able to raise an additional $110 million. This was utilized to build USD Coin, a virtual currency backed by the US dollar that runs on the Ethereum network. Then, in the summer of 2021, Circle declared their intention to go public. A merger with Concord Acquisition Corp was announced, and the agreement is expected to increase the company's worth to $4.5 billion.

Circle Pay is comparable in some ways to the famous financial software Venmo, except it is powered by blockchain. They are now leaning more toward social payments.

Coinbase

Coinbase Global, sometimes known as Coinbase, was founded in the United States in 2012. It was the largest cryptocurrency exchange in terms of trading volume in the United States as of March of this year.  In addition, the firm went public in 2021 and is currently traded on the NASDAQ. From humble beginnings, it has grown to generate more than $1.14 billion in yearly sales and employ more than 1200 people. Coinbase said in 2020 that it will become completely remote and would no longer have a physical headquarters. This year, the firm commenced operations in India and hired local employees.

The Coinbase app, for example, offers the purchase, selling, and storage of several cryptocurrencies such as Bitcoin, Dogecoin, Ether, and Litecoin. They also provide professional asset trading platforms, a wallet, institutional and professional services, as well as a card and payment service.

Today, the platform boasts 56 million verified users, over 8,000 institutions, and a whopping 134,000 partners from over 100 countries. As a result, it is one of the world's largest blockchain enterprises.

Binance

Changpeng Zhao, a Chinese entrepreneur, created Binance in 2017. It has now grown to become one of the most well-known and largest blockchain startups in the world. Except for the United States, it serves nearly every country on the planet. A cryptocurrency exchange and associated cryptocurrencies, Binance Coin and Binance Smart Chain, are among the services available.  

The firm has had its share of controversies, but it remains the world's largest cryptocurrency exchange in terms of trading value. This amounts to more than $2 trillion, with the Binance Coin ranking third in terms of market capitalization. Zhao revealed that nearly all of his total assets, $1.9 billion, is invested in bitcoin. He also stated that he has no money invested in fiat and only converts it when absolutely essential.

Binance's success was built on being in the right location at the right time and delivering services internationally. It now includes over 500 cryptocurrencies, distinguishing itself from many other exchange services.

Voatz

Voatz may not be one of the largest blockchain firms in terms of size or valuation, but they are enormous in terms of potential. Voatz is a mobile election voting software that was founded in December of 2016. The startup wants to "make voting not only more accessible and secure, but also more transparent, auditable, and accountable."

The Voatz platform confirms voters' identities using blockchain and biometric identification. It does not save any user data on the system and instead provides for secure voting. The app is downloaded by the voter, who then validates their credentials and obtains a token for the elections in which they will vote. After the votes are approved, they are printed on paper and put through a specific machine. Fingerprint, face recognition, and passwords provide security for the app and its numerous capabilities.

The firm has gone through some growing pains over the years, but keep in mind that this is a brand-new technology.

Conclusion

As cryptocurrencies become more popular, so will platforms that allow their exchange for fiat or other currencies. If you're thinking of establishing a fiat, crypto, or hybrid exchange, or another type of blockchain firm, G.O.C - Global offshore corporation can assist. We've been involved in the cryptocurrency and blockchain industries since their start. While we cannot provide technical advice, we can handle company incorporation, bookkeeping, accounting, and opening a bank account for you.

So, what are you waiting for? Contact G.O.C for more information on how to transform your vision into one of the world's largest blockchain firms.

Disclaimer: While Global Offshore Company (G.O.C) endeavors to provide timely and accurate information on this website, the content is intended for reference purposes only. The information presented in this article should not be considered a replacement for qualified legal advice. For personalized guidance on your specific circumstances, we encourage you to reach out to G.O.C's experienced consultants.