Cryptocurrency 39 minutes ago (Dec 07, 2022 01:00AM ET)
Ripple Among Top Ten Leading Unicorns In United States
- Crypto exchange ranks tenth among leading unicorns in the US.
- Ripple demonstrates a market valuation of $15 billion.
- The firm submitted its final motion against the US SEC on December 2.
Cryptocurrency exchange Ripple was listed among the top ten leading unicorns in the United States as per market value, according to a report published by infographic software company, Infrogram.
The payment protocol created by Chris Larsen and Brad Garlinghouse ranked number 10 on the list with a market valuation worth $15 billion. Moreover, the published information has been collected and combined from the private equity firm CB Insights, news platform Finbold, and Consumer and Market data company Statista.
The report defines a unicorn as a privately owned startup that has a current valuation of one billion U.S. dollars or more. Hence, when the company goes public with an IPO or gets acquired, it is no longer termed a unicorn.
According to the data, Elon Musk’s spacecraft manufacturer, Space X ranked number one on the list with a market valuation of $127 billion. Following SpaceX, the financial services company Stripe, with CEO Patrick Collison, ranked second with a market value worth $95 billion.
Other names on the list included retail company Instacart, software company Databricks, and video game company Epic Games, with market valuations wo …
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