Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto currency Mining => Topic started by: RSRS on September 05, 2021, 03:52:06 AM
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In the first eight months of 2021, the fledgling but fast-growing cryptocurrency industry saw almost as many companies come to market as 2019 and 2020 combined, according to the “The Arrival of Cryptocurrency Stocks” report published this month by CoinShares Research.
Fast facts
As of August 20201, there were 57 publicly listed cryptocurrency pure play companies with a combined market capitalization of close to US$100 billion, according to CoinShares Research. The companies spanned cryptocurrency mining, financial services, exchanges and mining hardware.
The industry has seen massive growth over the past two years. The combined market capitalization of all listed cryptocurrency-focused companies at the beginning of 2020 was just under US$3 billion, with Chinese cryptocurrency mining rig maker Canaan accounting for a third of the amount. In April this year, the industry surged to almost US$120 billion, driven by Coinbase — the largest crypto exchange in the United States — going public. Companies’ valuations have since dropped, with the cryptocurrency industry’s market cap now around US$95 billion, CoinShares Research said. IPOs were the most popular route to market.
More Information (https://cryptonews.net/en/news/mining/1666507/)