Three Crypto Firms land on the World's Top 10 leading Fintech Unicorns list
Business Today Sri Lanka|May 2023
The fintech industry has been growing rapidly, with innovative technologies changing how financial transitions are conducted. One of the most intriguing developments in the space is the rise of cryptocurrency firms which are gaining increasing acceptance among investors and consumers alike to record enormous valuations
Three Crypto Firms land on the World's Top 10 leading Fintech Unicorns list

In this line, data acquired by Finbold indicates that three cryptocurrency firms with a cumulative valuation of $42.3 billion made it to the list of top 10 leading fintech unicorns globally as of Q4 2022. The top ten fintech unicorns account for a total valuation of $273.7 billion.

A breakdown of the crypto firms shows that United States-based Ripple has a valuation of $15 billion to rank fifth overall. Blockchain.com ranks sixth overall with a valuation of $14 billion. Non-fungible tokens (NFTs) marketplace OpenSea with a valuation of $13.3 billion, emerged as the eighth most valuable fintech unicorn globally.

Elsewhere, payment giant Stripe is the most valuable unicorn at $95 billion, followed by Checkout.com at $40 billion. United Kingdom-based challenger, bank Revolut, is third at $33 billion, followed by Chime at $25 billion.

Impact of Crypto Unicorns

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