Cryptocurrencies have quickly become one of the most important investment funds in the last decade, and have gained popularity first among retailers, as we saw in 2017, and now among institutional investors.
Cryptocurrency – from programming for programmers to the burgeoning financial sector with a market value of over $ 2 trillion – has skyrocketed in value and continues to generate huge investor interest.
While cryptocurrencies have proven their worth, volatility remains a major concern, especially for institutional actors. Of course, any investor can buy cryptocurrency and profit from the increase. However, investing in well-established companies involved in the crypto and blockchain industry is another way to diversify and benefit from the general use of all blockchain and cryptocurrencies.
This gives investors access to a low-correlation investment vehicle with volatile price fluctuations in the cryptocurrency market.
Here are some of the best listed digital asset companies available to both individual and institutional investors.
Piece of Queen
Coinbase’s direct listing on Nasdaq in April this year was a watershed for the entire cryptocurrency market. With the largest trading volume for cryptocurrencies on the US cryptocurrency exchange, Coinbase debuted on Nasdaq as a listed company worth around $ 100 billion. Coinbase has chosen a direct listing over a traditional stock exchange listing.
Founded by Fred Hersham and Brian Armstrong in 2012, Coinbase offers cryptocurrency trading services to over 40 million retail users and nearly 7,000 institutions worldwide. While the main source of revenue has been transaction fees on cryptocurrency exchanges, Coinbase hopes to go beyond trading and offer a debit card that makes it easy for consumers to use their digital assets. Coinbase also offers digital asset cloud storage, an asset lending service and a digital asset data monitoring service on the blockchain.
Related: Coinbase launches standalone browser extension for Coinbase Wallet
Microstrategy is a software company that invests over 40% of the market value of Bitcoin (BTC). The company has increased its bitcoin holdings over the past year with a cumulative purchase of bitcoins for over $ 5 billion at current prices.
With over 100,000 BTC in the name, Microstrategy has gone from relative obscurity in the financial world to a cryptocurrency giant and a well-known Wall Street company. The company’s CEO Michael Sailor, a bitcoin evangelist, regularly promotes bitcoin on social media as a revolutionary invention, which he openly declares in defense of the company’s desire to actively invest in cryptocurrencies.
MicroStrategy recently sold its $ 1 billion worth of shares to channel revenue toward more Bitcoin. Since the company announced its Bitcoin debut, Microstrategy’s share price has risen more than 400%.
Related topics: MicroStrategy added 9,000 Bitcoins last quarter, now has $ 7 billion in stock
Riot Blockchain is an American Bitcoin miner, a public company that uses several specialized machines called ASICs to extract Bitcoin. A bitcoin miner recently delved into the business by buying a North American bitcoin hosting company called Whinstone US.
In a press release, Riot Blockchain CEO Jason Lee stated that “with Whinstone’s unique infrastructure, best-in-class construction and development organization and operations, Riot is very well positioned to grow in size and scale.”
Whinstone’s energy management strategy will help Riot Blockchain manage power costs for Bitcoin mining by providing access to a reliable and responsive power source to further support the Bitcoin network.
Riot Blockchain receives its miners from Bitmain and hosts over 35,000 Antminers, resulting in a hash rate of 3.8 EH / s.
RELATED: Industrial Bitcoin Mining Breathes New Life in Small Texas Town
While PayPal shares are more than just a cryptocurrency game, the company has opened the door to digital currencies by letting its customers with personal accounts buy, sell and store a variety of cryptocurrencies, including bitcoins. PayPal customers can go further than validating cryptocurrencies even if the company continues to test the concept of allowing cryptocurrencies on their platform.