A Crypto Head study shows that Binance, Coinbase (Nasdaq: COIN) and Robinhood (Nasdaq: HOOD) are the top three most highly valued cryptocurrency companies.
Binance is the world’s largest crypto exchange by trading volume with a company valuation of approximately $300 billion. Coinbase is valued at about $85.7 billion, while Robinhood is worth approximately $39 billion.
According to the study, Robinhood topped the list of crypto companies that have secured the most investment through funding rounds. The Menlo Park, California-based trading platform received $5.57 billion in total funding, followed by crypto exchange FTX with a total investment of $1.33 billion and digital asset platform Bakkt with $807.5 million in total funding.
Of the 50 crypto companies studied by Crypto Head, 28 are located in the U.S. Fifteen of these U.S. based companies are headquartered in California, including eight companies in San Francisco.
Crypto Head used data from Crunchbase and various news sources such as Bloomberg, Reuters, CNBC and Forbes to come up with an index of the top 50 companies in the crypto sector.
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