In this piece, we will take a look at the top five most valuable blockchain companies in 2024. If you want to learn more about the blockchain industry and some recent news, check out Top 20 Most Valuable Blockchain Companies in 2024.
5. Coinbase Global, Inc. (NASDAQ:COIN)
Latest Market Capitalization: $33.58 billion
Coinbase Global, Inc. (NASDAQ:COIN) is one of the biggest cryptocurrency exchanges in the world. A surge in Bitcoin price in February 2024 that saw the cryptocurrency cross $1 trillion in market value was also beneficial for Coinbase Global, Inc. (NASDAQ:COIN)’s shares as they jumped by more than 14% during a trading day and went on to add another 6% in pre market gains. This follows the launch of several Bitcoin ETFs in 2024, and ahead of the firm’s earnings release, Cathie Wood’s Ark Invest sold $34.3 million worth of shares.
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Follow Coinbase Global Inc.
4. Block, Inc. (NYSE:SQ)
Latest Market Capitalization: $39.9 billion
Block, Inc. (NYSE:SQ) is a financial services company whose products depend on the blockchain. The firm expanded its presence in the crypto industry in December 2023 when it announced a new hardware based cryptocurrency wallet for users to allow them to physically store their crypto as opposed to relying on trading platforms. The announcement came a little over a year after the collapse of FTX Exchange, and a sizeable presence in the digital payments industry has also let Block, Inc. (NYSE:SQ) to beat analyst EPS estimates in three out of its four latest quarters.
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Follow Block Inc. (NYSE:XYZ)
3. PayPal Holdings, Inc. (NASDAQ:PYPL)
Latest Market Capitalization: $62.44 billion
PayPal Holdings, Inc. (NASDAQ:PYPL) is another company that operates a transaction platform. Additionally, Ethereum blockchains play an important role in its diversification into cryptocurrency. PayPal Holdings, Inc. (NASDAQ:PYPL) offers a stablecoin called PayPal USD which is based on a blockchain. Additionally, the firm has also made upgrades to its platforms to allow products to be integrated into decentralized applications, NFT marketplaces, and other digital mediums.
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Follow Paypal Holdings Inc. (NASDAQ:PYPL)
2. International Business Machines Corporation (NYSE:IBM)
Latest Market Capitalization: $167 billion
International Business Machines Corporation (NYSE:IBM) marks the entry of big technology into our list of the biggest blockchain companies. While its primary business is not focused exclusively on blockchains, International Business Machines Corporation (NYSE:IBM) deserves a mention since it offers a robust platform to businesses that are seeking to build blockchain based systems and solutions for their operations. For instance, International Business Machines Corporation (NYSE:IBM) could help a shipping company keep track of its assets via a blockchain based ledger system, exposing IBM to a multi billion dollar industry.
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Follow International Business Machines Corp (NYSE:IBM)
1. NVIDIA Corporation (NASDAQ:NVDA)
Latest Market Capitalization: $1.78 trillion
NVIDIA Corporation (NASDAQ:NVDA) is indispensable when it comes to the functioning of the blockchain industry due to its highly coveted, high performance GPUs. The firm is also a leading player in the artificial intelligence industry and has leveraged the demand for its products to transform itself into a trillion dollar firm holding its ground against tech heavyweights the like of Amazon.com, Inc. (NASDAQ:AMZN) and Alphabet Inc. (NASDAQ:GOOG).
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Follow Nvidia Corp (NASDAQ:NVDA)
Disclosure: None. You can also take a look at Warren Buffett and Billionaires Are Crazy About These 15 Stocks and 20 Countries with Most Cars Per Capita in the World.
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