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Blockchain Businesses Feature in LinkedIn’s Top 50 US Startups

Blockchain and cryptocurrency businesses performed consistently well in LinkedIn’s Top 50 US Startups, landing spots across the board.

LinkedIn’s list identifies the country’s most dominant startups looking at a variety of factors; 1) employee growth, 2) member, company and employee engagement, 3) interest from job seekers, and 4) to what degree the companies managed to pull talent from LinkedIn’s Top Companies list. To qualify, each company was required to have been established no more than seven years ago, and employ a minimum of 50 people.

Coinbase, Robinhood, Ripple in top 10

US-based cryptocurrency exchange Coinbase grabbed the number three spot, with LinkedIn noting the company managed to double the number of accounts than that held by brokerage firm Charles Schwab, with numbers now standing at around 20 million. Coinbase currently has 500 employees and says it is looking to double that number this year. A spokesman for the company told LinkedIn that despite its rapid expansion, it is “absolutely not a run-fast-and-break-things culture”.

Investment app Robinhood landed in sixth, with LinkedIn partly attributing its success over competitors to the commission-free stock trades. The Stanford roommates that founded the platform four years ago have ambitions of ”[mimicking] every service found in a traditional bank, at lower costs”.

Blockchain-based international money transfer app Ripple found its place at number seven, as LinkedIn praised its ability to transform the antiquated process of cross-border financial transfers into one that can be completed in seconds. Ripple boasts over a hundred customers that include the major financial entities Santander and Standard Chartered.

Still appearing down the list

The Winklevosses’ Gemini trading platform ranked 25, Ethereum incubator ConsenSys at 26, and blockchain firm Axoni reached number 47.

The prevalence of the industry in the full list indicates the success and growth it experienced this year; recognition from LinkedIn in this way will only benefit it further.

 

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