Top Crypto Startups In 2022

In the past year, everything related to crypto startups has skyrocketed in value, and expectations are only higher for 2022. In this report, we break down the top startups in the space and how they will shape the future of finance.

Bitcoin’s price is up more than 200% since September of last year, while Ether is up 500%. The total market cap of all crypto assets was $460 billion in September; it is now $1.6 trillion (as of March 2021).

This growth has accelerated the development of decentralized finance (DeFi) applications and the rise of “NFTs” (non-fungible tokens). It has also drawn massive interest from institutional players like Goldman Sachs, BNY Mellon, and PayPal, who are rushing to meet growing customer demand.

These are our top recommendations for 2018, but there are dozens of other projects worth looking into as well. We’ve included some more information on other promising altcoins in this article.

Here is our list of the top crypto startups in 2022:

Chainalysis

Location: New York, NY

Funding: Series E, $366.6M

Blockchain technology and cryptocurrency are still in their infancy. As a result, it should come as no surprise that not everyone trusts technology. Chainalysis, on the other hand, wishes to boost confidence in the blockchain economy. They accomplish this through fostering openness, which allows others to develop a shared knowledge of how individuals utilize cryptocurrencies

Chainalysis is a platform that delivers a plethora of resources to banks, government agencies, and other members of the blockchain ecosystem in order to assist discover and delete compromised or stolen cash. Their anti-money-laundering software strives to make all exchanges safer for everyone. 

Their investigation and compliance software, which is used in over 60 countries to solve cybercrime cases and enhance safe bitcoin access, is a key part of this acceptance. Compliance responsibilities for cryptocurrency businesses. Financial organizations must understand their exposure and keep track of their customers’ activities. 

Government authorities will learn about the real-world entities involved in bitcoin transactions. 

Every bitcoin asset available is monitored by the business. In addition to these helpful services, they offer an easy-to-use system with real-time updates and notifications that keep everything working smoothly. There is a reason why over 500 firms already rely on Chainalysis. And, as cryptocurrency grows in popularity, that figure is bound to climb. 

Coinbase

Location: San Francisco, CA

Funding: Series Unknown, $547.3M

Coinbase is a cryptocurrency program that allows users, such as merchants, customers, and traders, to buy and sell crypto currencies while also constructing a digital portfolio of their assets. The app also includes a number of merchant processing methods and tools that are compatible with some of the internet’s most popular websites. 

Since its inception in 2012, Coinbase has grown to become a big corporation. In a short period of time, it has grown to become the top exchange for digital money, with a user base of over 73 million individuals. Coinbase’s reach extends beyond people, with the firm providing outstanding tools for anybody and everyone. 

Coinbase, at its heart, is a wallet and platform that makes it simple for consumers to conduct digital currency transactions. However, the user-friendly platform is simply one aspect of what the organization has evolved into. When it comes to people, Coinbase provides a number of features, including:

  • The Coinbase platform allows you to purchase, sell, and use cryptocurrency. 
  • A wallet for crypto assets that is self-hosted. 
  • People can learn about cryptocurrency through lessons. 
  • A debit card funded by a participant’s Coinbase balance. 
  • The ability to borrow money with Bitcoin as collateral 

They provide similarly remarkable business capabilities, such as custody, analytics, and the opportunity to seek funds for crypto entrepreneurs via their platform. Furthermore, Coinbase provides developers with easy access to a variety of tools. The corporation appears to be involved in everything, and its superior performance will continue beyond 2022. 

Fold

Location: Atlanta, Georgia

Funding: Series A, $16.3M

Fold is a one-of-a-kind debit card. It seeks to provide users with the opportunity to earn Bitcoin when they make a purchase. And the firm does it by providing prizes in the shape of a spinning wheel. The procedure is straightforward, with only three steps: 

Purchase a prepaid gift card or use the card at participating stores. 

After you’ve made your purchase, spin the spinning wheel. 

Win the prize shown on the wheel. 

Fold is the most effective way to earn bitcoin for anything you do. Customers may earn bitcoin on ordinary transactions by using the Fold Visa debit card and purchasing gift cards from the Fold Store. 

While present on-ramps are difficult, costly, and largely designed for speculators, we believe that on-ramps designed for everyone else: spenders, earners, and savers, will bring in the next wave of adoption. Other factors come into play, such as the many possible prizes dependent on the card you hold. With the free card, the maximum spending reward on purchases is 25%. It increases to 100% if you have their Spin+ card, which costs $150 per year. However, the other perks, such as the spins and member price on Amazon gift cards, are quite comparable. 

One of the most appealing aspects is that the benefits might be extremely enormous. While the chances of winning are slim, there is a possibility to win a whole Bitcoin. Furthermore, with $13 million in Series A fundraising in 2021, it is apparent that there is interest. 

Coinme

Location: Seattle, WA

Funding: Series Unknown; $19.1M

Coinme is a cryptocurrency startup that intends to make cryptocurrency investing more accessible to a larger audience by working with Coinstar to build Bitcoin kiosks around the United States. Users may use the kiosks to make cash investments in cryptocurrency and follow their financial transactions using the Coinme app. 

If you recall Coinstar, you’re probably familiar with the kiosks that assist individuals convert their loose change into cash. Coinme is a startup that has teamed with Coinstar and MoneyGram to make it easier to get started with cryptocurrency investment. It is also as simple as converting coins into cash. 

Coinme operates in the same manner regardless of the service selected. To get started, just download the Coinme app for iOS or Android and establish an account. Once their identification has been validated, they may purchase and sell Bitcoin for cash at thousands of sites across the United States. 

While Coinme is not as huge as some of the other firms on the list, it has enormous development potential. Crypto is becoming more popular by the day, and it is anticipated to skyrocket this year. As more individuals get interested in cryptocurrency, the ease of converting cash to cryptocurrency will appeal to a large number of people.

Gemini

Location: New York, NY

Funding: Undisclosed

Gemini is a cryptocurrency exchange that uses blockchain technology to facilitate cryptocurrencies and trade. Users may buy, sell, and trade a number of cryptocurrency assets such as Bitcoin, Ether, and Litecoin. 

Gemini combines DeFi with the advantages of card networks to provide a regular banking card experience. The Winklevoss twins started the network in 2014 and have already amassed a sizable following, with 13.6 million active members. 

Gemini offers a tier-based service with distinct interfaces and cost structures for casual investors and experienced traders. It has its own currency, the Gemini dollar, as well as a mobile app and a payment app. The Gemini dollar, unlike most cryptocurrencies, is a “stable currency” linked to the US dollar. The service functions similarly to a regular exchange, allowing you to place limit, market, and stop-loss orders. You’ll also get access to debit cards that are accepted all around the world. 

Gemini has the following characteristics: 

  • Payments are accepted internationally. 
  • Simple to use interface 
  • AICPA provides a high level of security. 
  • Gemini allows you to buy a variety of cryptocurrencies. 
  • Purchases made with a debit card get cashback. 

Gemini competes directly with bitcoin exchanges such as Coinbase and Kraken.

Final Thoughts

Startups are sprouting up all over the crypto realm, and they show no signs of stopping down. As the value of cryptocurrency and everything related to it rises, there will be a higher demand for services and products to match. Furthermore, with investors eager to enter the field, these firms are likely to receive additional support.

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