TIME Magazine has listed two crypto-based companies on its TIME100 Most Influential Companies list – Coinbase and Digital Currency Group. These two companies are part of a myriad of extraordinary businesses who together, create a vital path towards the future of business and consumerism.
The TIME100 Most Influential Companies list was published shortly after the news was announced that TIME will be accepting crypto-payments for subscriptions. There is no doubt that TIME has firmly adopted a positive view of cryptocurrencies and this recognition is testament to the legitimacy and success of these crypto-brands amidst a competitive and oftentimes controversial commercial landscape.
TIME is one of the most distinguished media brands in the world and is known for its trusted reporting and insights, as well as its renowned features that include Person of the Year, Best Inventions, World’s Greatest Places, TIME100 Most Influential People, TIME100 Health Summit, and many more. This year, TIME branched out to create a new list that would fall as part of the TIME100 series – its first-ever TIME100 Most Influential Companies. This list takes a look at the global companies shaping our future, those that are making an exceptional impact in the world.
The TIME100 Most Influential Companies list highlights companies that are Pioneers, Leaders, Innovators, Titans, and Disruptors. Listed under Titans, alongside industry giants Facebook, Google, Amazon, and Microsoft, is Coinbase.
Coinbase is regarded as the most trusted cryptocurrency exchange platform, giving users direct access to the crypto economy where they can buy and sell cryptocurrencies like Bitcoin, Ethereum, and Litecoin to name a few. It currently has around 56 million verified users, over 1,700 staff members, operates across over 100 countries, and contains $223 billion of assets on its platform.
The company was founded in 2012, and strengthened its pioneer status with its direct listing on the Nasdaq Stock Exchange in April 2021. Completing its first day of trading to the value of almost $86 billion, Coinbase has become the most valuable financial exchange in the United States, for the moment.
Digital Currency Group on the other hand, is listed under Disruptors in the TIME100 Most Influential Companies list alongside Tesla Inc, Airbnb, Shopify, and Go Fund Me to name a few.
Digital Currency Group is a venture capital company based in New York that concentrates on the digital currency market. It is the epicentre of the Bitcoin and blockchain industry, with its unique model enabling it to build the crypto ecosystems well into the future. This distributing company provides reliable solutions for crypto investors with its portfolio subsidiaries Grayscale Investments and CoinDesk.
Grayscale Investments manages tens of billions worth of assets, and CoinDesk covers the digital currency market by reporting on blockchain’s news, providing a Bitcoin Price Index, and sharing a quarterly State of Bitcoin report. In January of last year, Greyscale’s Bitcoin Trust became the primary financial product to be supported entirely by digital currencies to report to the Securities and Exchange Commission, which opened it, and the blockchain, to many more investors.
The TIME100 Most Influential Companies list was assembled through soliciting nominations across numerous sectors from its network of global editors and correspondents, and experts in respective industries. The result saw the ultimate inclusion of 100 diverse companies that range from a tech startup developing a smart recycling system, and pharma titans creating the vaccinations of tomorrow, to the crypto firms reimagining the future of money. Delving into the future of business, it is only natural to include crypto pioneers and disrupters owing to the growing popularity of the digital currency in the global market.