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Public Crypto Market Capitalization Soars By 400% Since January 2021 – Cryptovibes.com – Daily Cryptocurrency and FX News

Number of crypto firms going public each year: CoinShares


The latest market year-to-date crypto market data confirmed that the combined market capitalization for all publicly traded cryptocurrency stocks surged by nearly 400%, from $25 billion to reach around $100 billion.

Remarkably, the number of public digital asset firms also increased by 28% over the same period. In a September 1 market analytic report, CoinShares estimated that the public “cryptocurrency pure-play companies” were worth $25 billion in January this year, with mining companies and financial service firms representing the biggest chunk of the market value.

The report has revealed that 16 digital asset firms have gone public this year to bring the total number of public crypto companies globally to 57. Cumulatively, the market capitalization of all public crypto firms has skyrocketed to nearly $100 billion year-to-date.

Notably, this year has intensified the greatest influx of public crypto firms than any other calendar year, followed by 2018 with 14 crypto firms going public. In the same series, only three firms went public in 2014, 2016, and 2017 respectively.

Number of crypto firms going public each year: CoinShares

The report also acknowledged the April initial public offering (IPO) of the leading US centralized crypto exchange, Coinbase, describing the offering as “the first true large-cap pure play in the public crypto sector.”

Data acquired from the CoinShares report confirmed that the market capitalization of public digital assets firms surged to a record high of nearly $120 billion after the initial public offering of Coinbase.

Comparably, the total market capitalization of public digital assets was less than $3 billion at the beginning of 2021.

Cumulatively, 15 public crypto exchanges now represent 62% of the total capitalization of the entire public crypto sector at roughly $59 billion, with other 19 financial services firms following the trend at $20 billion. Another 20 public crypto mining companies represent $10 billion in the public crypto market cap.

Public crypto mining firms recorded the strongest year-to-date (YTD) gains at 121% on average, followed by cryptocurrency financial services companies with 105% and trading exchanges at 34%.

Astonishingly, most crypto firms that went public in 2016 have enjoyed the largest gains in share price this year, recording a significant increase of roughly 140% on average.

In the same context, crypto firms that went public in 2018 emerged second by YTD gains with 115% on average, followed by 2017 with approximately 110% and 2019 gaining 95%.

But, the 2021’s firms posted just 19%, with the report suggesting that “most of these companies had already floated at higher valuations.”

Average YTD performance public crypto stocks by year of listing: CoinShares
Average YTD performance public crypto stocks by year of listing: CoinShares

While summarizing the report, CoinShares noted that the average capitalization of the public crypto firm has exponentially increased this year from $1.1 billion in 2019 and 2021 to $3.8 billion.

Furthermore, the liquidity of public stocks also increased significantly this year, with most shares representing less than $500,000 in daily volumes until the end of 2021.

Surprisingly, only two out of 23 listed crypto companies would be considered liquid in 2019, but the figure considerately jumped to 20 out of 41 in December 2021. This figure has skyrocketed to 48 out of 57 as of July 2021.



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