Coinbase Leads the Charge: Insights from CoinGecko’s Report on Publicly Listed Blockchain Companies

According to a recent report by CoinGecko dated February 9th, the landscape for publicly listed blockchain companies is increasingly diverse, with a total of 46 significant firms identified. The majority of these companies are traded on the Nasdaq, where 24 are listed. Dominating this sector is Coinbase (COIN), boasting an impressive market capitalization of 71.2 billion USD, notably eclipsing the second-largest competitor, Galaxy Digital (GLXY), valued at 6.7 billion USD. Coinbase’s valuation exceeds the combined market cap of the subsequent nine firms, which totals approximately 33.2 billion USD. On the New York Stock Exchange (NYSE), only a pair of companies, Bit Mining (BTCM) and Hyperscale Data (GPUS), are dedicated to the cryptocurrency industry, while Galaxy Digital trades exclusively on the Toronto Stock Exchange (TSX). Furthermore, Canada lists 47 blockchain firms across its various exchanges, including TSX, TSX Venture, and CSE. The report highlights that the majority of these 46 entities lean towards cryptocurrency mining, with 25 companies primarily engaged in this field, alongside others exploring ventures into artificial intelligence and Web 3 solutions.