Report: Coinbase has the highest market value among 46 listed blockchain companies, ten times higher than the second place Galaxy Digital

According to a recent report by CoinGecko, there are 46 listed blockchain companies worth watching, most of which are listed on Nasdaq, a total of 24. The largest by far is the cryptocurrency exchange Coinbase (COIN), with a market value of $71.2 billion, far exceeding the second-ranked Galaxy Digital (GLXY), which has a market value of $6.7 billion. Coinbase's market value is more than twice the total market value of the nine largest blockchain companies after it ($33.2 billion). Only two listed companies on the New York Stock Exchange (NYSE) are from the cryptocurrency field, namely Bit Mining (BTCM) and Hyperscale Data (GPUS), while Galaxy Digital, led by Michael Novogratz, is only listed on the Toronto Stock Exchange (TSX). It is worth mentioning that 47 blockchain companies are listed on various Canadian exchanges, from TSX and TSX Venture to CSE and Cboe. Of the 46 largest listed blockchain companies, most focus on cryptocurrency mining businesses, with a total of 25 companies. Although some companies have expanded from mining operations to artificial intelligence and Web 3 solutions, such as Bluesky Digital Assets, they can be roughly divided into five areas, including mining, technology and services, finance and investment, digital payments, and exchanges.