Binance climbs to sixth place in the global unicorn rankings
August 30, 2022
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The $45 billion Bitcoin exchange Binance ranks sixth worldwide “unicorns”It comes from Hurun Research’s semi-annual Global Unicorn Index 2022 report. The crypto company immediately rose 15 positions. Six
The $45 billion Bitcoin exchange Binance ranks sixth worldwide “unicorns”It comes from Hurun Research’s semi-annual Global Unicorn Index 2022 report.
The crypto company immediately rose 15 positions. Six months ago, its capital was $15 billion.
Douyin ($200 billion) took the first place on the list. Media platform operator TikTok lost $150 billion
Elon Musk’s SpaceX ($125 billion) moved up to second place, ahead of Ant Group ($120 billion).
Top 10 “unicorns” by capitalization. Data: Hurun Research.
In total, Hurun counted 1,312 non-public companies valued at over $1 billion in 48 countries. Their total value is $4.2 trillion, making up 17.6% of the top 10 totals.
“In the first six months of the year, 369 new unicorns were detected, two a day. Almost a third are engaged in fintech, SaaS, and blockchain. 80% provide services and only 20% have physical products. “It sells to businesses 65% and consumers 35%,” said Rupert Hugewerf, Hurun Principal Investigator.
The USA is the leader in the ranking with 625 companies. Their numbers have increased by 138 in the last six months. China follows with 312 unicorns (+11).
India retained the third place with 68 places on the list. Outside the country, Indian founders created another 56 “unicorns”.
Among the cities, the title “Unicorn Capital of the World” was retained by San Francisco – 176 companies. New York beat Beijing in the rankings – 120 against 90 attempts.
Number of “unicorns” by country and city. Data: Hurun Research.
The top 10 “new faces” in the ranking since the beginning of the year were two representatives of the blockchain industry: the operator of the Upbit exchange Dunamu ($ 8 billion) and the platform KuCoin ($ 6.3 billion).
Recall that Forbes placed Changpeng Zhao, the founder and CEO of Binance, in the first place in the ranking of billionaires in the cryptocurrency industry in March. The publication brought him a fortune of $ 19 billion.
In November 2021, Chinese Caijing journalists estimated Zhao’s fortune at $ 90 billion, while in January Bloomberg announced a similar figure – $ 96 billion.
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