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Research shows striking difference between public and private crypto companies
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Crypto traders might have easily surmised that companies like Binance and Coinbase are doing well. Yet, the pertinent question is just how well. A report by Arcane Research revealed some towering estimates, as well as showed how both public and private companies are flourishing.
Comparing public and private companies, Arcane Research reported that a “conservative estimate” of the valuation of several private crypto companies came to around $430 billion. The report noted this was around 40% of Bitcoin’s market cap.
Coming to public companies, the aggregated valuation was estimated to be around $110 billion. This was after studying companies focusing exclusively on crypto.
Source: Arcane Research
Arcane Research concluded,
“In sum, private and
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