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Not only Coinbase, these native encryption listed companies are also worthy of attention.



Coinbase is not the first native encryption company listed. Prior to this, at least 8 native listed companies such as CoinShares and Banxa have been listed on exchanges in different countries. The encrypted world and the traditional financial world have been very different for a long time, especially encrypted assets have been questioned and criticized by many financial institutions. As the bull market for encrypted assets continues, the listing of Coinbase has further opened the door from the traditional financial world to the encrypted world, marking that encrypted assets and their trading ecology have been recognized by the mainstream financial industry. Prior to this, many listed companies tried to transform into bitcoin concept stocks by developing blockchain technology, buying mining machines, buying bitcoin, etc., which became an important way for many stock market investors to invest in the encryption ecology, and most of the stock prices also ushered in skyrocketing. But most of them are in the early stage and the nature of speculation is strong, and the future is doubtful. However, according to Chain Catcher’s query, Coinbase is not the first native encryption company listed. Prior to this, at least 8 native listed companies such as CoinShares and Banxa have been listed on exchanges in different countries. Mining machines, asset management, payment, transactions, etc., reflect the all-round expansion of encryption companies in various ecological directions, and there are many companies with a market value of more than 1 billion US dollars. Therefore, Chain Catcher sorted out the information of 8 native encrypted listed companies, sorted out their business lines and development status, and screened out important financial information based on their financial reports. The details are as follows: Securities Times front page comment: Metaverse’s future is more than Facebook Imagination: On October 30th, the front page of the Securities Times included an article titled "The Future of the Metaverse Is Beyond Facebook's Imagination", which mentioned the event of Facebook changing its name to Meta, the definition of the Metaverse, and the metaverse. Order is needed, and the article concludes: From Facebook's perspective, the metaverse is the next frontier technology for connecting people, just like the original social networking site. But the Metaverse is still in its very early embryonic stage, and the connection between people is only one part of it, and the future is much more than that. [2021/10/30 6:21:19] Coinshares Founded in 2013, CoinShares mainly provides qualified investors with exposure to invest in encrypted assets. In 2014, it launched the world’s first regulated Bitcoin investment fund. Exchanges and other exchanges have issued 9 types of ETP products based on encrypted assets. In early April this year, CoinShares and 3iQ Corp jointly launched a Bitcoin ETF product in Canada. At present, CoinShares mainly has two major business segments: passive products and capital markets. It is understood that CoinShares passive products provide ETPs that track the price of specific digital assets, providing customers with exposure to digital assets such as BTC, ETH, LTC and XRP; the capital market business focuses on trading activities, providing transaction flow for the above-mentioned ETP products sex and carry out hedging transactions and hedging. As of February 19, 2021, CoinShares managed assets worth US$4.56 billion, including 70,185 BTC and 655,211 ETH. It is the largest encrypted asset management company in Europe and the second largest encrypted asset in the world after Grayscale. management company. Bitcoin continued to rise and rushed to $57,000: data from Huobi Global shows that BTC continued to attack, breaking through $57,000, and is now at $57,000.23, an intraday increase of 5.92%. [2021/2/20 17:35:06] In March this year, CoinShares was officially listed on the NASDAQ Nordic Market in Sweden. Based on the closing price on April 13, the current total market value of Coinshares is US$712.4 million. According to the public financial report, the total revenue of CoinShares in 2020 will be US$47.9 million, a year-on-year increase of 58%; the total profit will be US$25.73 million, a year-on-year increase of 110%; Assets reached 2.7 billion US dollars, a year-on-year increase of 292%. Banxa Banxa mainly provides legal currency compliance solutions for encrypted exchanges, wallets and other encrypted asset businesses, enabling them to realize instant exchange between legal currency and encrypted assets. At present, Banxa cooperates with several exchanges such as Binance, Huobi, and Matcha to provide them with legal currency channels, so that users can directly use Australian dollars, British pounds, euros, etc. to purchase cryptocurrencies. Banxa raised $2 million in Series A funding in January 2020, led by NGC Ventures. In July of the same year, Banxa announced that it had completed a pre-IPO round of financing of US$2 million, led by Ouke Group, with participation from the Australian Stock Exchange (ASX) and listed company Thorney Investment Group Australia. In December 2020, Banxa was backdoor-listed on the Toronto Stock Exchange's GEM, and has since been listed on the Frankfurt Stock Exchange's OTCQX market in the United States. Based on the closing price on March 13, Banxa's current total market value is 252 million US dollars. Lawyer: The amount involved in the "PlusToken" case is far more than 14 million: Guo Yatao of Beijing Strategy Law Firm, one of the lawyers representing some investors in the "PlusToken" case, clarified that he has accepted the entrustment of some investors and has discussed with the court on the qualitative issues involved in this case. He also went to Yancheng to meet with the judge last week. Only investors currently entrusting their law firms add up to tens of millions of yuan. He emphasized that it is understood that the court hearing this case is the People's Court of Yancheng Economic and Technological Development Zone, and the public prosecution agency is the Procuratorate of Yancheng Economic and Technological Development Zone. The Zhou XX mentioned here should be the other principal criminal in this case. The amount involved is not the entire amount involved in PlusToken. According to previous news, the People's Procuratorate of Jianhu County, Yancheng City, Jiangsu Province prosecuted the main culprit of the "PlusToken" pyramid scheme. The defendant Zhou Moumou registered 4 accounts in the Plus Token Wallet App by phone, and a total of 1,929,575 members were developed, involving a total amount of about More than 14 million yuan. (ChainDD) [2020/5/22] According to the public financial report, Banxa’s revenue in the fourth quarter of last year was 4.5 million Australian dollars, a year-on-year increase of 228%. The gross profit was 900,000 Australian dollars, a year-on-year increase of 71%, and the net loss was 500,000 Australian dollars, a year-on-year decrease of 62%. In the first quarter of this year, the total transaction volume handled by Banxa reached 157 million US dollars, a year-on-year increase of 793%, and the number of B2B customers reached 63. Galaxy Digital Galaxy Digital is a comprehensive encryption company, positioning itself as an "investment bank" and "Goldman Sachs in the field of cryptocurrency", mainly including asset management, self-operated investment, trading, consulting, mining and other five business directions. Analysis | BTC's decline continues and continues to find the bottom: According to Huobi data, BTC is now at $8,470, an intraday increase of -0.67%. In view of the current trend, Terry, the TLAB analyst specially invited by Golden Disk, said: BTC was affected by the bad news last night, approaching the 8000 integer mark, and the market sentiment was severely hit. In view of the overall trend, the downward trend is obvious, and the failure of the short side is not obvious. There will be a small support near 8000, but the center of gravity will continue to move down. It is recommended that investors should be short-selling on rallies. [2019/11/19] In terms of asset management, Galaxy Digital mainly helps customers hold encrypted assets in the form of funds. The funds currently managed include Galaxy Bitcoin Fund, Galaxy Benchmark Crypto Index Fund, etc. In December last year, Galaxy Digital cooperated with the world-renowned asset management company CI Financial to launch the CI Galaxy Bitcoin Fund, and recently applied to the US SEC to launch a Bitcoin ETF. As of March 22 this year, Galaxy Digital's fund management scale reached 1.24 billion US dollars. In terms of investment, the projects invested by Galaxy Digital include Ripple, NuCypher,, Fireblocks, BitGo, Bakkt, BlockFi, etc. Among them, 12 investments were made in the first quarter of this year, and a total of about 60 companies have been invested so far. Voice | Dean of the China Institute of Financial Reform: The reason why virtual currency transactions have been banned repeatedly is that many people have illusions about it: According to IT Times, in the face of repeated bans on virtual currency transactions, Liu Shengjun, director of the China Financial Reform Research Institute, believes that there are Supply will lead to demand. The root of the problem is that the global virtual currency bubble has not been completely burst, and many people have illusions about the so-called virtual currency. Risk reminders to investors should be strengthened, but if the reminder obligation is fulfilled and investors still enter the market, they should bear the corresponding consequences by themselves. [2018/7/16] In August 2018, Galaxy Digital was listed on the Canadian Toronto GEM through a reverse merger. According to the public financial report, the company's net income in 2020 will reach 380 million US dollars, a year-on-year increase of 1396%. Based on the closing price on April 13, Galaxy Digital’s current total market capitalization is US$2.91 billion, which is also the company with the highest market capitalization among the companies reviewed in this article. Voyager DigitalVoyager Digital is a cryptocurrency broker that helps users quickly enter the crypto trading market and buy cryptocurrencies by connecting more than a dozen cryptocurrency exchanges. Specifically, Voyager Digital provides investors with a one-click solution for trading encrypted assets, and provides users with encrypted asset trading, wallet and custody services through its institutional-level open architecture platform. Currently, the platform supports more than 50 digital assets. On February 13, 20, Voyager Digital announced the acquisition of Circle Invest, a retail digital asset business company. The acquisition added more than 40,000 retail accounts to Voyager's customer base. To that end, Voyager issued common stock to Circle, representing approximately 4% ownership of the company. In February 2019, Voyager was listed on the Toronto Stock Exchange Venture Exchange in Canada through a reverse acquisition. In April of the same year, the company completed a secondary listing on the Frankfurt Stock Exchange, the largest stock exchange in Germany. Voyager also issued the platform token VGX, which is mainly used for user incentives and community governance. Currently, the price of VGX tokens is 4.75U, with a total market value of 1.06 billion U.S. dollars, ranking 72nd on Feixiaohao. According to public information, as of the end of March this year, Voyager managed more than US$2.4 billion in total assets, more than 1 million recently verified accounts, and a total transaction volume of US$4.9 billion. Based on the closing price on April 12, Voyager has a total market capitalization of US$3.398 billion. Canaan Technology Canaan Technology is a domestic bitcoin mining hardware manufacturer, whose main product is the Avalon series of mining machines. In 2013, it released the world's first ASIC-based bitcoin mining equipment. A lot of resources have been invested, and its K210 chip has been widely used in many application scenarios. Last year's AI chip shipments increased by 3 times compared with the previous year. On November 21, 2019, Canaan Technology was officially listed on Nasdaq, becoming the first mining machine company in China to go public in the United States. Based on the closing price on the 13th, its market value reached US$2.05 billion. According to the public financial report, the total net revenue of Canaan Technology in the fourth quarter fell to 38.2 million yuan from 163 million yuan in the previous quarter, a drop of more than 75%. The reason is that supply chain problems prevented the company from recovering from the bull market and the ensuing Profit from the surge in demand for mining machines. As of the end of the first quarter of this year, Canaan Technology has pre-sold more than 156,000 mining machines, and the advance receipts have exceeded 238 million US dollars. At the same time, Canaan Technology also disclosed the roadmap for self-operated mining for the first time. At present, it has set up a main body in Singapore to operate the specific mining business, and Kazakhstan will be the preferred mining area. Hut 8 Hut 8 is a cryptocurrency mining company focused on mining Bitcoin. It has more than 100 BlockBox data centers in Canada, providing mining machine hosting and self-operated mining services for institutional customers. The current total computing power reaches 1073 PH/S. In August 2019, Hut 8 was listed on the Toronto Stock Exchange Venture Exchange in Canada, with a current total market value of US$799 million. According to the public financial report, as of March 24, 2021, Hut 8 has stored a total of 3,233 Bitcoin balances, an increase of 17% compared to December 31, 2020. The average cost of mining a bitcoin in 2020 is $14,195, compared to just $5,273 in 2019. HIVE BlockchainHIVE Blockchain is a cryptocurrency mining company. Through continuous deployment and acquisition, it has data centers that can use about 50 megawatts of electricity in Canada, Sweden and Iceland, mainly supporting BTC and ETH mining. In September 2017, HIVE Blockchain was officially listed on the GEM of the Toronto Stock Exchange in Canada. As of April 12, the total market value of HIVE Blockchain was US$1.495 billion. According to public financial reports, the net income of HIVE Blockchain in the fourth quarter of 2020 was US$17.59 million, an increase of approximately 394% year-on-year, of which mining revenue was US$13.7 million, an increase of 174% year-on-year. %. As of December 31, 2020, the company held cryptocurrencies ETH, ETC, and BTC worth a total of US$15 million. Bitfarms Bitfarms is an Israeli mining company that operates one of the largest cryptocurrency mining operations in North America. Currently, Bitfarms has four mines in Quebec, Canada, mainly mining Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Dash. Bitfarms listed on the Toronto Stock Exchange Venture Exchange in July 2019. Based on the closing price on April 13, Bitfarms' current total market capitalization is $449 million. According to the public financial report, Bitfarms will have an operating loss of US$5.3 million in 2020, a net loss of US$16.3 million, and a total mining profit of US$13.8 million.


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