Unicorns in the blockchain industry – 11 by Hurun

The research firm Hurun has published the list of “unicorns” – companies with a value of over $ 1 billion. This includes 11 companies operating in the blockchain and cryptocurrency fields.

Hurun found a total of 494 unicorns, spread across 24 countries and about 118 cities. China tops the list with 206 unicorns, followed by the US at 203. The two countries make up over 80% of the world’s $ 1 billion worth of companies. Europe has 35 unicorns.

The average valuation on the Hurun list is $ 3.4 billion, and the total companies are valued at $ 1.7 trillion in total. It is worth mentioning that most of these companies are not listed on stock exchanges.

Crypto and blockchain – 11 “unicorns”

As for the blockchain industry, the top of the list is the Chinese crypto mining company Bitmain, with a valuation of $ 12 billion. Rivals Bitmain Canaan and Ebang, both in China, are also on the list. They have valuations of $ 3 billion and $ 1.5 billion respectively.

In the US, unicorns are Coinbase ($ 8 billion), Ripple ($ 5 billion), Circle ($ 3 billion) and Bitfury ($ 1 billion).

Other blockchain companies on the list include: Binance, EOS blockchain maker Block.One. The decentralized start-up Dfinity and the Japanese cryptocurrency exchange Liquid Global.

Some contradictions

The specialists commented that the Hurun list does not necessarily correspond to reality. Earlier this week, Ripple CEO Brad Garlinghouse said that Ripple currently has a valuation of about $ 305 million, based on the money the company has in the bank.

A Kraken spokesman said the exchange is valued at nearly $ 4 billion and is not included in the list. Also, a reader pointed out on Twitter that BitMEX also reached over $ 1 billion.