Monday, September 25, 2023
HomeOpenseaFTX And Opensea Hit $32 Billion And $13.3 Billion Respectively In Forbes...

FTX And Opensea Hit $32 Billion And $13.3 Billion Respectively In Forbes Fintench List

Nine cryptocurrency-centric companies Forbes The 7th annual list of Fintech 50 is led by top crypto exchange, FTX, and Opensea, the world’s largest NFT marketplace.

FTX and Opensea surpass Forbes list

Sambankman Fried’s crypto exchange and trading platform FTX has a high valuation of $ 32 billion. Beyond the rank Other crypto fintechs take the lead. The Bahama-based crypto exchange raised $ 500 million earlier this year with a valuation of $ 32 billion.

The NFT marketplace, Opensea, is worth $ 13.3 billion, making its first appearance on the list and second among the nine crypto companies on the list. Opensea continues to dominate the NFT market, with over 1.5 million accounts traded on the platform.

Other crypto Fintechs that create Fintech50 lists are: Alchemy is $ 10.2 billion, AVA Lab’s native token Avax has a market capitalization of $ 8.5 billion, Chainalysis’s latest valuation is $ 8.6 billion, and USDC creator Circle is currently valued at $ 9 billion.

Despite the recent suffering bear execution and blood loss following the collapse of the Terra ecosystem and the huge sale in the crypto space, crypto companies still hold their own and FinTech crypto It seems to be solidifying the general strength.

The superiority of CEX and the growing popularity of NFts

The way to access cryptocurrencies is through crypto exchanges that users can buy, sell, or exchange. According to CoinmarketCap, Binance is the world’s leading cryptocurrency exchange, followed by FTX, with trading volumes of $ 111 billion over the last 24 hours.

Approximately 99% of crypto transactions are facilitated by centralized exchanges. This suggests that they cover most of the trading volume.

Meanwhile, NFTs continue to ride the wave, people continue to invest in NFTs, and despite their technological existence since 2014, they are becoming more and more popular. The NFT market reached $ 41 billion in 2021. NFTs are on the blockchain. A distributed public ledger that records transactions.

Despite regulatory concerns and concerns, with crypto exchange NFT market It will continue to thrive and new users will be recorded daily.

Adrian is an avid observer and researcher in the cryptocurrency market. He believes in the future of digital currencies and enjoys updating the public with the latest news on new developments in the field of cryptocurrencies.

The content presented may include the author’s personal opinion and is subject to market conditions. Do market research before investing in cryptocurrencies. The author or publication is not responsible for your personal financial loss.

- Advertisment -
Google search engine

Most Popular

Recent Comments