Are there any *profitable* companies in the cryptocurrency space?

Question

It seems like there were a lot of companies who tried to cash in on the crypto space, but it didn't seem like anyone made any real money. Almost seems like they are just burning VC money now.Do you know any companies that are profitable doing crypto stuff? Or even companies involved with other things that did a venture with crypto that actually make money?

daleholborow · Accepted Answer

I put this question in LinkedIn several months ago, am still yet to hear even a single attempt at claiming a real business model/profitability.

lftherios · Answer

Most centralized exchanges like coinbase, binance & kraken.Many mining or staking-as-a service companies like chorus.one or certus.one.Some of the wallet providers.

PureParadigm · Answer

Coinbase is profitable [1]. Potentially other exchanges are profitable. Mining is profitable for some, or they wouldn't be doing it.[1] https://www.vanityfair.com/news/2019/10/brian-armstrong-conf...

Are there any profitable companies in the cryptocurrency space?

I put this question in LinkedIn several months ago, am still yet to hear even a single attempt at claiming a real business model/profitability.

Most centralized exchanges like coinbase, binance & kraken.
Many mining or staking-as-a service companies like chorus.one or certus.one.
Some of the wallet providers.

Coinbase is profitable [1]. Potentially other exchanges are profitable. Mining is profitable for some, or they wouldn't be doing it.
[1] https://www.vanityfair.com/news/2019/10/brian-armstrong-conf...