Financial technology (fintech) has exploded in the past two years, and cryptocurrency and blockchain companies have supported this multi-billion dollar industry. A recent study published by Utility Bidder shows that by 2027, the industry is expected to exceed 382 billion U.S. dollars. In addition, by 2027, the value of blockchain-specific financial technology companies is expected to exceed $67.4 billion. Recent research also emphasized that Kraken is the largest and most influential blockchain company in 2021.

Kraken was named the most influential blockchain company in 2021

A large number of studies have shown that the field of financial technology continues to grow exponentially, and digital currency and blockchain solutions are an important part of this trend.This week, the researchers Utility bidder Analyzed 50 fintech companies selected in the Forbes 2021 fintech 50 report.

Utility bidder Learn The selected company is divided into four factors, and the standardized score for each factor is 10. Factors include the total amount of funds raised, the latest known valuation, the number of Twitter followers, and global searches from the Google Ads Keyword Planner between August 2020 and July 2021.

According to the study, by 2027, blockchain-specific companies will represent US$67.4 billion, accounting for 17.64% of the total estimated value of US$382 billion. The report’s findings detail that the cryptocurrency exchange Kraken is considered the most influential blockchain company in 2021. The exchange received a rating of 5.64/10 in the influence ranking, followed by Gemini. The Gemini exchange’s blockchain score is 2.33/10, with a valuation of approximately US$5 billion, while Kraken’s current valuation is US$20 billion.

Only 16% of the 50 fintech companies on the list are related to “blockchain and bitcoin”

The two exchanges followed closely by Blockfi, Paxos, Chainalysis, Anchorage, Fireblocks and Alchemy. From the perspective of fintech as a whole, the top five fintech companies include Robinhood, Stripe, Kraken, Klarna and Wise. Payment company Wise is followed closely by Current, Chime, Gemini, Carta and Blockfi. Although Kraken’s valuation is US$20 billion, it is higher than Robinhood’s US$11.7 billion, but lower than Stripe’s US$95 billion valuation.

In the ranking of fintech companies, Alchemy, the lowest valued in the blockchain list, is currently valued at approximately US$505 million. In terms of categories, only 8 of the 50 companies are related to “blockchain and bitcoin”. The blockchain companies mentioned are fintech companies specializing in investment, personal finance, payments, B2B loans, insurance, real estate, and corporate solutions.

What do you think about the eight blockchain companies mentioned in the study by Utility Bidder and the study that listed Kraken as the most influential blockchain company in 2021? Do you agree with the results of this fintech research? Please tell us your thoughts on this topic in the comments section below.

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