Despite Crypto’s Growth, Coinbase Remains the Only Major Public Exchange: CoinGecko

Coinbase is the largest Blockchain company circulating for the public, with a market value of $ 71.2 billion as of February 8, 2025. This number puts it before its closest competitor, Galaxy Digital, which carries the maximum market only $ 6.7 billion – makes Coinbase more than ten times larger.

Moreover, the EXCHANGE evaluation also exceeded the joint total of the largest nine blockchain companies, which were combined with $ 33.2 billion, according to the recent Coingecko report.

Coinbase leads Blockchain public companies

While the Blockchain industry Blankets Various cryptocurrency mining is still more prevalent, up to 25 of the 46 largest companies circulating for the public in mining operations. However, after the fourth half of the Bitcoin, which reduced the bonus bonuses from 6.25 BTC to 3.125 BTC, an increasing trend of diversification appeared.

Many mining companies, which benefit from their expertise in infrastructure and high -performance computing, are expanding to AI and Web3 solutions. Players such as Core Scientific, Hut 8 Mining, Teawulf, Hive Digital Technologies and Cleanspark Axis Towards the AI’s data centers and cloud computing.

Despite the dominance of mining companies on absolute numbers, the total market value of the Blockchain sector is still focused in a handful of key players, while maintaining Coinbase.

Of the 46 Blockchain companies circulating for the public, Coinbase (Coin) is the only representative of the stock exchange sector, which represents only 2.2 % of the total. However, its market value is significantly outperforming most of the other Blockchain companies, with the exception of the business intelligence company (MSTR), which has a largest rating of $ 97.7 billion.

It is worth noting that Microstrategy follows a unique approach, take advantage of debt to acquire Bitcoin and take advantage of price fluctuations. When Michael Sailor, which is led by the equation is removed, the remaining Blockchain companies have a combined market ceiling of $ 121.9 billion, as Coinbase constitutes 63.6 % of this value.

General Blockchain companies carry a small share

On the other hand, the coded currency mining sector is the total market value of $ 31.7 billion, largely driven by leading companies such as Maathon Digital Holdings (MARA) at $ 7.0 billion, Core Scientific (Corz) at $ 4.2 billion, platforms RIOT (RIOT) at $ 4.7 billion, and Cleanspark (CLSK) at $ 3.4 billion, while other miners remain less than $ 3 billion.

Meanwhile, the financing and investment sector, which is worth about $ 7.1 billion in Galaxy Digital, is concentrated, which owns $ 6.7 billion.

In all, the Blockchain companies publicly circulated with a maximum of $ 199.5 billion, which represents only 5.8 % of the total market value of $ 3.45 trillion.