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Two crypto firms DCG and Coinbase have secured their name in the top 100 most influential company list in Times Magazine’s 2021 edition. Published on the 27th of this month, the two crypto giants were selected in the top 100 influential companies. The list of the top 100 most influential companies is based on four parameters. i.e; Pioneers, Leaders, Innovators, and Disrupters. The name of crypto-associated companies in the list reflects the increasing adoption of the crypto-space all across the world.
Coinbase and DCG in Top 100 “Most Influential Companies”
Crypto giant Coinbase was listed under Titan along with mainstream platforms such as Facebook, Amazon, Alibaba, Google, and Walmart. Known for “shoring up crypto’s credibility” the crypto exchange is concerning its direct listing on the Nasdaq on April 14.
From the latest, 2021 has been more profitable when compared to the previous year. The exchange has earned more revenue in Q1 in 2021 which is recorded $1.8 billion than all of 2020 which calculates up to $1.2 billion. According to Coinbase,
“It’s been a huge year for cryptocurrencies, but nothing’s been as validating as the April 14 direct listing of Coinbase, which operates an exchange where 56 million users buy and sell Bitcoin and more. Coinbase ended its first day of trading worth nearly $86 billion—making it the most valuable U.S. financial exchange, and giving cryptocurrencies a boost of Wall Street cred.”
Digital Currency Group is alongside rated as a Disrupter with other big names of the industry such as Tesla, Huawei, Shopify, and Clubhouse. The Time Magazine noted that the DCG is “demystifying crypto for investors” through its subsidiaries asset manager Grayscale. As of today, Grayscale claimed of having $45.5 billion worth of total assets under management or AUM stating;
“In January 2020, Grayscale’s Bitcoin Trust became the first financial product backed entirely by digital currency to report to the Securities and Exchange Commission—opening the Trust (and, by extension, the blockchain) to more potential investors.”
Time Magazine Partnership with Crypto.com
No less than a week ago, news of a partnership between Time Magazine and Crypto.com was announced. The deal exchanged digital subscriptions in return for a one-time crypto payment for 18 months. First published in March 1923, the magazine and online publication have continued to gradually expose themselves to the crypto world. It is worth noting that the magazine decided to collect the crypto form of payment. The auction of the first set of tokenized magazine covers as NFTs, in March, fetched approximately $250,000.