Summary: Blockchain technology has been making waves across industries with its promise of decentralization, transparency, and security. As this technology continues to evolve, numerous companies have emerged as leaders in harnessing its potential. In this article, we explore the 10 biggest blockchain companies in the world, each available for investing on our go-to broker, eToro.
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What is a blockchain company?
Described as a distributed ledger technology, Blockchain allows for the secure recording of transactions across a network of computers. This technology has found applications in various sectors like finance, supply chain management, healthcare, and more.
About the blockchain industry
The landscape of the internet has undergone significant transformation since the dotcom era, with giants like Microsoft (NASDAQ: MSFT), Amazon (NASDAQ: AMZN), Apple (NASDAQ: AAPL), and Alphabet (NASDAQ: GOOGL) dominating the stock market. However, 2024 presents new contenders, notably NVIDIA (NASDAQ: NVDA), challenging the traditional tech dominance. Amidst this evolution, blockchain technology has emerged as a revolutionary force, offering secure ledgers for businesses across various industries.
What is blockchain in simple words?
Some of the most valuable blockchain companies in terms of market capitalization include IBM (NYSE: IBM), Microsoft, Amazon, and Alphabet. These industry leaders offer blockchain-based services alongside their cloud computing offerings, positioning themselves at the forefront of blockchain innovation.
With Bitcoin (BTC) surpassing the $1 trillion mark and the blockchain industry poised for growth, factors such as Bitcoin halving, increased accessibility through exchange-traded funds, and the rise of decentralized finance (DeFi) indicate favorable prospects for the blockchain sector in the coming months.
Where to buy blockchain stocks
You can buy blockchain stocks through various online brokerage platforms. That said, our chosen broker is eToro—a widely popular platform with more than 30 million registered accounts that provides a range of useful features, such as:
- Commission-free stock trading;
- Access to over 2,000 stocks from 17 different exchanges;
- Charting tools;
- The option to purchase fractional shares.
Highly Rated Stock Trading & Investing Platform
-
Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
-
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
-
Copy top-performing traders in real time, automatically.
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eToro USA is registered with FINRA for securities trading.
10 biggest blockchain companies in the world
After thorough research, we’ve concluded that these are the ten biggest blockchain companies in the world:
- Bitfarms Ltd. (NASDAQ: BITF);
- CleanSpark, Inc. (NASDAQ: CLSK);
- Riot Platforms, Inc. (NASDAQ: RIOT);
- Marathon Digital Holdings, Inc. (NASDAQ: MARA);
- Robinhood Markets, Inc. (NASDAQ: HOOD);
- Coinbase Global, Inc. (NASDAQ: COIN);
- Block, Inc. (NYSE: SQ);
- PayPal Holdings, Inc. (NASDAQ: PYPL);
- International Business Machines Corporation (NYSE: IBM);
- Nvidia Corporation (NASDAQ: NVDA).
Bitfarms Ltd. (NASDAQ: BITF)
Bitfarms is a leading blockchain infrastructure company that operates cryptocurrency mining farms. By utilizing blockchain technology, Bitfarms secures and validates cryptocurrency transactions while also contributing to the overall security and efficiency of blockchain networks.
Your capital is at risk.
CleanSpark, Inc. (NASDAQ: CLSK)
CleanSpark specializes in providing software solutions for energy microgrid management. Leveraging blockchain technology, CleanSpark enables efficient and resilient energy distribution systems, paving the way for sustainable energy practices.
Your capital is at risk.
Riot Platforms, Inc. (NASDAQ: RIOT)
Riot Platforms focuses on cryptocurrency mining and development. The company operates mining facilities that validate transactions on blockchain networks, primarily for Bitcoin.
Your capital is at risk.
Marathon Digital Holdings, Inc. (NASDAQ: MARA)
Marathon Digital Holdings is another prominent player in the cryptocurrency mining industry. With a focus on Bitcoin mining, Marathon Digital Holdings contributes to the security and integrity of the Bitcoin blockchain.
Your capital is at risk.
Robinhood Markets, Inc. (NASDAQ: HOOD)
While primarily known as a commission-free trading platform, Robinhood has also ventured into the world of cryptocurrencies. Through its platform, users can buy, sell, and hold various cryptocurrencies, including Bitcoin and Ethereum (ETH).
Your capital is at risk.
Coinbase Global, Inc. (NASDAQ: COIN)
Coinbase is one of the largest cryptocurrency exchanges in the world. The platform allows users to buy, sell, and store a wide range of cryptocurrencies securely.
Your capital is at risk.
Block, Inc. (NYSE: SQ)
Formerly known as Square, Block is a financial services company that has embraced blockchain technology. Through its Cash App, Block allows users to buy and sell Bitcoin easily, making cryptocurrency accessible to a broader audience.
Your capital is at risk.
PayPal Holdings, Inc. (NASDAQ: PYPL)
PayPal has integrated cryptocurrency services into its platform, enabling users to buy, sell, and hold cryptocurrencies such as Bitcoin, Ethereum, Litecoin (LTC), and Bitcoin Cash (BCH).
Your capital is at risk.
International Business Machines Corporation (NYSE: IBM)
IBM is actively involved in blockchain development and offers various blockchain solutions for businesses. From supply chain management to financial services, IBM’s blockchain offerings cater to a wide range of industries.
Your capital is at risk.
Nvidia Corporation (NASDAQ: NVDA)
While primarily known for its graphics processing units (GPUs), Nvidia has also made significant contributions to blockchain technology. Its GPUs are widely used in cryptocurrency mining, driving computational power for blockchain networks.
Your capital is at risk.
Pros and cons of investing in blockchain
Pros
- Potential for high returns: As blockchain technology continues to gain adoption, companies operating in this space could experience substantial growth;
- Exposure to a transformative technology: Investing in blockchain companies allows investors to participate in the development and expansion of a revolutionary technology with broad-ranging applications;
- Diversification: Including blockchain companies in your investment portfolio can provide diversification, reducing overall risk.
Cons
- Volatility: The cryptocurrency and blockchain industries are known for their volatility, which can lead to significant fluctuations in stock prices;
- Regulatory uncertainty: Regulatory changes and government interventions could impact the operations and profitability of blockchain companies;
- Technological risks: Blockchain technology is still relatively new and evolving, with potential unknown risks associated with its implementation and adoption.
How to buy blockchain stocks safely
Before investing in the biggest blockchain companies, consider the following tips to mitigate risks and make informed investment decisions:
- Research: Thoroughly research the companies you’re interested in investing in, including their business models, financial performance, and competitive advantages;
- Diversification: Instead of putting all your funds into a single blockchain company, consider diversifying your investment across multiple companies to spread risk;
- Stay informed: Keep abreast of industry news, technological advancements, and regulatory developments that could impact the blockchain sector;
- Monitor your investments: Regularly review your investment portfolio and adjust your holdings as needed based on changing market conditions and company performance.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
FAQs about the 10 biggest blockchain companies
What companies use blockchain?
Many companies across various industries utilize blockchain technology. Some notable examples include financial institutions for secure transactions, supply chain companies for transparent logistics tracking, and healthcare organizations for secure patient data management.
How to invest in blockchain?
You can invest in blockchain through various means, such as purchasing stocks of blockchain companies listed on stock exchanges, investing in blockchain-focused exchange-traded funds (ETFs), buying cryptocurrencies directly, or investing in blockchain startups through venture capital funds.
What is the best blockchain company in the US?
Determining the best blockchain company is subjective and can depend on factors such as industry focus, financial performance, and technological innovation. Some prominent blockchain companies in the US include IBM, Microsoft, Coinbase, and Nvidia, each excelling in different aspects of blockchain technology and services.
Are blockchain companies only involved in cryptocurrencies?
No, blockchain companies operate in various industries beyond cryptocurrencies. While some specialize in cryptocurrency mining or exchanges, others focus on providing blockchain solutions for sectors such as finance, healthcare, supply chain management, and more.
Can I invest in blockchain companies if I'm not familiar with cryptocurrency?
Yes, you can invest in blockchain companies without being a cryptocurrency expert. Many blockchain companies operate in sectors beyond cryptocurrencies, offering diverse investment opportunities.
Are blockchain companies a good long-term investment?
The long-term potential of blockchain companies depends on various factors, including technological advancements, regulatory developments, and market demand. While blockchain technology holds promise, it’s essential to conduct thorough research and assess each company’s fundamentals before making investment decisions.
Highly Rated Stock Trading & Investing Platform
-
Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
-
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
-
Copy top-performing traders in real time, automatically.
-
eToro USA is registered with FINRA for securities trading.
