There are now a lot of publicly traded companies that use blockchain in their business, offer services related to blockchain, or are involved in the cryptocurrency market. Some people are only interested in blockchain technology and/or cryptocurrencies, but others use goods and services related to blockchain to improve businesses that are already doing well. In light of this, here is a list of Publicly Traded Blockchain & Cryptocurrency Companies you should look into if you want to include exposure to this innovative technology in your stock portfolio.
List of Publicly Traded Blockchain & Cryptocurrency Companies
- Coinbase Holdings
- GlobalX Blockchain ETF
Details for Publicly Traded Blockchain & Cryptocurrency firms
Amazon not only runs the biggest e-commerce site in the world, but it also runs the best online infrastructure service, Amazon Web Services. Customers can build and administer their own blockchain networks using the Amazon Managed Blockchain service provided by the AWS platform.
Additionally, there is a strong possibility that Amazon will ultimately apply blockchain technology to its enormous e-commerce operation. Amazon’s revenue from blockchain presently amounts to a very small portion, but as the technology advances, there are opportunities for much more.
Block, formerly known as Square, is a financial technology (fintech) firm with two primary business divisions: its Cash App personal financial platform and its small business payment processing ecosystem. The firm also engages in buy-now, pay-later financing, stock trading, and business lending. The business also runs the Square Online Store platform, which aids businesses in developing their omnichannel and e-commerce skills.
In two respects, Block is a blockchain stock. The most apparent function of Cash App is the quick and simple purchase and sale of Bitcoin. This is a sizable portion of the business, with the firm reporting more than $10 billion in Bitcoin purchases in 2021 alone. Additionally, Block has its own in-house Bitcoin development team called Spiral (previously Square Crypto), which is working on a number of exciting projects. TBD is an open-developer platform for blockchain apps. The change in the company’s name reflects a move in emphasis towards blockchain technology solutions.
3. Coinbase Holdings
The biggest cryptocurrency exchange in the world, Coinbase, offers trading in more than a hundred different types of digital assets. In excess of $1.2 trillion in annualized cryptocurrency trading activity passes through the platform, which has about 98 million verified users in more than 100 nations worldwide. On Coinbase’s platform, about $256 billion worth of cryptocurrency holdings are kept.
The recent decrease in cryptocurrency values has hurt Coinbase’s revenue, but a recovery in those prices might make it one of the greatest winners. The fact that Coinbase should profit greatly as the technology develops, regardless of whether cryptocurrencies wind up taking the lead, is one of the company’s strongest features, at least from the perspective of a blockchain investor.
4. GlobalX Blockchain ETF
You could find that an exchange-traded fund is a better option for investing in blockchain technology than a single stock (ETF). The GlobalX Blockchain ETF was established in the middle of 2021 and is made to enable investors to purchase a single investment that will provide them exposure to a whole basket of blockchain stocks.
The expense ratio (annual investing cost) for the GlobalX Blockchain ETF is 0.50% of assets, which is appropriate for a focused product. The top position in the fund is in Coinbase. The fund also invests in 25 other companies, some of which have been talked about before and some of which aren’t listed on American stock exchanges right away. In conclusion, this ETF is perfect if you believe blockchain technology has long-term potential but don’t want to try to anticipate market winners.
Notwithstanding its recent weak performance, IBM recently had taken some significant efforts to kick-start growth. For instance, its acquisition of open-source software maker Red Hat provided it with numerous options for cross-selling to its business clients.
Regarding blockchain, IBM Blockchain has already offered ground-breaking services to customers including Home Depot, Renault, Albertsons, and many others. If blockchain-based solutions gain more popularity in the future, it might have a large growth potential. For instance, IBM Blockchain is concentrating on assisting clients in creating more dependable and effective supply chains.
Since the move towards a paperless economy has resulted in rising amounts of debit and credit card transactions, the payment processing giant Mastercard has experienced phenomenal growth. Blockchain technology has the power to revolutionize the world of cashless payments, especially when it comes to cross-border money transfers, which have traditionally been expensive and time-consuming.
In order to introduce cryptocurrency-funded Mastercard payment cards, Mastercard has joined forces with several top Asia-Pacific cryptocurrency companies, announced agreements with blockchain technology firms, and established a Crypto Card partner programme. Along with cryptocurrency lender Nexo, Mastercard recently assisted in the introduction of the first payment card backed by cryptocurrency.
Nvidia is the industry leader in producing graphics processing units (GPUs), which are crucial parts of cutting-edge technological advancements like artificial intelligence, driverless cars, and video games.
GPUs are also important pieces of hardware for mining cryptocurrencies. In a word, “miners” process transactions on the blockchain using specialized GPUs in exchange for brand-new digital currency. Although the decrease in cryptocurrency prices has slowed down sales of Nvidia’s crypto-targeted CMP chips, sales may pick up if the crypto market recovers. And even if it doesn’t, Nvidia’s other businesses are absolute market leaders.
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