There are now 11 blockchain unicorns in the world, with over $1B valuation, including Binance, Ripple and Coinbase

As reported by The Block, “The blockchain industry worldwide now has 11 unicorns, companies with over $1 billion in valuation, including cryptocurrency exchanges Binance and Coinbase, as well as blockchain payments firm Ripple.

“Research firm Hurun published its inaugural list of global unicorns for 2019 on Monday, ranking the world’s billion-dollar tech startups founded in the 2000s and yet to get listed on a public exchange.

“Hurun found a total of 494 unicorns across industries, spread only in 24 countries and around 118 cities. China is leading the list with 206 unicorns, followed by the U.S. at 203, and both the countries together account for over 80% of the world’s unicorns. Europe has 35 unicorns.

“Specifically, in the blockchain industry, topping the list is Chinese cryptocurrency mining hardware firm Bitmain, with a valuation of $12 billion. Bitmain rivals, Canaan and Ebang, both based in China, are also on the list, with a valuation of $3 billion and $1.5 billion, respectively.

“Other blockchain firms on the list are – Coinbase, Ripple, Circle Internet Financial, Binance, EOS blockchain maker Block.One, decentralized cloud startup Dfinity, blockchain tech company BitFury and Japanese cryptocurrency exchange Liquid Global.

“Ripple and Circle have a valuation of $5 billion and $3 billion, respectively, according to the Hurun list. However, in private markets, neither Circle nor Ripple reportedly has a valuation of above $1 billion. According to an ‘unsolicited inbound secondaries offer,’ shared by venture capitalist and author Brent Beshore on Monday, Circle’s shares are currently on offer at ~80% discount, while a seller is looking to offload ~$50 million worth of Ripple’s shares…”

Continue to read the full report at The Block.

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