Blockchain’s potential is no longer the startup industry’s best kept secret. Currently making impressive inroads on Wall Street, blockchain technology is being embraced by some of the most prominent titans of the tech industry. But its influence does not stop there — individuals and even the United States government are going all in on cryptocurrency, helping some assets break all time records. As a result, the companies creating and hosting cryptocurrency exchanges are proving to be profitable assets for investors.
Publicly Traded Blockchain Companies to Know
- NVIDIA (NVDA)
- Coinbase (COIN)
- Block, Inc. (SQ)
- Riot Blockchain (RIOT)
- PayPal (PYPL)
- IBM (IBM)
Here are just a few examples of publicly traded companies who utilize blockchain technology and are listed on the NASDAQ or New York Stock Exchange.
Publicly Traded Blockchain Companies to Know
Location: San Francisco, California
Stock symbol: SQ
Cash App was the first publicly traded company to buy and sell Bitcoin and is the first such company to integrate the Lightning Network layer 2 payment protocol into its operations. By enabling Lightning transactions, Cash App is able offer instant and nearly fee-free transfers to its users, along with the trusted anonymity and security of the Cash App platform.
Location: Fully Remote
Stock symbol: NVDA
Known as a prominent figure in the creation of intensive hardware and varied tech solutions, NVIDIA also specializes in creating crypto chip mining processors (CMPs) for computers. The company’s CMP technology allows for a larger number of GPUs to be controlled by a single CPU, making for faster and more efficient cryptocurrency mining (especially on Bitcoin).
Location: Fully Remote
Stock symbol: COIN
Coinbase hosts one of the most used crypto exchange platforms, where over 100 million users can buy, sell and store assets from cryptocurrency to NFTs. The application also offers access to crypto wallets, a designated Coinbase debit card and a crypto rewards system. Going public in 2021, Coinbase has already shown itself as a steady contender in current cryptocurrency stocks.
Location: San Jose, California
Stock symbol: PYPL
The PayPal platform allows users and businesses to quickly send and receive money from several countries across the world. For crypto users, you can also use the application to buy, store and exchange Bitcoin, Bitcoin Cash, Ethereum and Litecoin currencies. PayPal boasts over 400 million global users, making it a popular money transfer app option.
Location: Santa Clara, California
Stock symbol: AMD
Advanced Micro Devices, or AMD, creates computer hardware and core technologies for the support of data centers, high-performance computing and gaming. The company’s Blockchain Compute systems combine GPU and CPU hardware to power secured and optimized blockchain transactions. AMD has also partnered with other blockchain companies to create blockchain gaming and rendering platforms.
Location: Armonk, New York
Stock symbol: IBM
Along with offering services to help businesses integrate blockchain into their processes, IBM hosts its own blockchain platform and open-source framework known as Hyperledger Fabric. IBM’s blockchain solutions have helped overcome hurdles in supply chain, credential security and digital asset management, and has over 120,000 organizations contributing to the Hyperledger Fabric project.
Location: Redmond, Washington
Stock symbol: MSFT
Partnering with ConsenSys, Microsoft’s Azure platform offers the Quorum Blockchain Service, which is helping to establish blockchain in companies across a variety of sectors. The fully-managed ledger services allows for the creation and scaling of enterprise blockchain applications and smart contracts in the cloud, used by companies like Bosch and Prescryptive Health.
Location: Santa Clara, California
Stock symbol: INTC
Developed in collaboration with the Linux Foundation, IBM and SAP, Intel’s Hyperledger Sawtooth network is an enterprise-level blockchain platform for creating blockchain applications and smart contracts. Its platform offers data protection from outside parties, open-sourced information gathering and a virtually unhackable ledger. Intel also distributes the Intel Blockscale ASIC, able to operate at a 580 gigahashes per second rate for proof-of-work networks.
Location: San Francisco, California
Stock symbol: SQ
Block is the parent company of payment platforms and cryptocurrency-related services Square, Cash App, Spiral, TBD and Afterpay. At its core, Block has focused its technologies on making mobile payments more accessible for users and smaller businesses, including crypto banking support. Today, the company has also branched out to host platforms in media and entertainment like Weebly and Tidal.
Location: Castle Rock, Colorado
Stock symbol: RIOT
Housing North America’s largest Bitcoin mining facility, crypto mining company Riot Blockchain strives to be “one of the most relevant and significant companies supporting the Bitcoin network.” Utilizing over 116,000 Antminer application-specific integrated circuits (ASICs), Riot Blockchain hosts around 200 MW-worth of Bitcoin mining clients. By 2023, the company is forecasting to speed up its total self-mining hash rate capacity to about 12.6 exahashes per second.
Location: Las Vegas, Nevada
Stock symbol: MARA
Operating in a data center with over 2,000 ASIC Bitcoin miners, Marathon Digital Holdings deals entirely with crypto mining and the generation of digital assets. The company’s ultimate goal in mining is to support the development and security of the Bitcoin ecosystem and mitigate corporate expenses, making the currency more accessible for investors.
Location: New York City
Stock Symbol: GEMI
Gemini is a crypto exchange where users can buy and sell cryptocurrencies and NFTs. It uses a blockchain as a distributed digital ledger to record all transactions, while still providing the security and transparency crypto assets are known for.
Location: New York Cit
Stock Symbol: FIGR
Figure is a financial services company focused on real-world asset (RWA) tokenization. The company uses the blockchain to streamline financial processes like loan organization and securitization, making them cheaper and more efficient. With this tech as its backbone, Figure offers a number of products, including crypto-backed loans and home equity lines of credit.
Location: New York City
Stock Symbol: CRCL
Founded in 2013, Circle is one of the largest providers of stablecoins — digital assets pegged to the value of real-world assets like the U.S. dollar. Over the years it has developed its Arc blockchain to process stablecoin payments. Besides a dollar pegged stablecoin, Circle provides a Euro stablecoin and its proprietary CPN stablecoin to facilitate cross-border payments.
Location: Cayman Islands
Stock Symbol: BLSH
Bullish is a crypto exchange designed for institutional investors. Its platform facilitates the purchase and sale of digital currencies like Bitcoin and Ethereum, while also providing enhanced options like spot and derivatives trading, which are not typical of similar platforms.
Frequently Asked Questions
Which publicly traded companies use blockchain technology?
Publicly traded blockchain companies include NVIDIA (NVDA), Coinbase (COIN), Block, Inc. (SQ), PayPal (PYPL), IBM (IBM), Intel Corp (INTC), Marathon Digital Holdings (MARA), Gemini (GEMI), Figure (FIGR), Circle (CRCL) and Bullish (BLSH).
What are some of the ways these companies use blockchain?
Companies use blockchain for various purposes, such as creating cryptocurrency mining processors, hosting crypto exchange platforms, integrating payment protocol, enabling the buying and selling of cryptocurrencies and offering blockchain solutions to businesses.
Which companies are focused on Bitcoin mining?
Riot Platforms, Inc. and Marathon Digital Holdings are two of the many companies involved in Bitcoin mining. These companies operate large mining farms consisting of specialized hardware to produce and solve complex computational puzzles in order to verify crypto transactions and earn rewards for their work.
