Cryptocurrency companies are seeking to transform the global financial system by leveraging blockchain technology to enable decentralized finance (DeFi), digital payments, asset tokenization, and secure peer-to-peer transactions. While the space remains volatile and rapidly evolving, crypto-related IPOs and SPAC deals have provided public-market exposure to one of the most disruptive financial innovations of the past decade.
Recent listings in the sector include crypto exchanges, custody providers, miners, and blockchain infrastructure companies. As digital asset adoption increases across retail, institutional, and government sectors, investor interest in crypto-related equities continues to grow.
Beyond direct holdings in cryptocurrencies and NFTs, investors have a number of options to put crypto exposure in their portfolio. In addition to ETFs, such as the iShares Bitcoin Trust ETF, or legacy companies with a Bitcoin treasury strategy, such as MicroStrategy, a variety of pure-play crypto stocks are available to investors. Below is a list of several notable public crypto companies.
Notable Public Cryptocurrency Companies
| Ticker | Company | Ticker | Exchange | Description |
|---|---|---|---|---|
| COIN | Coinbase Global | COIN | NASDAQ | A leading cryptocurrency exchange in the US, providing retail and institutional trading, custody, and staking services across a range of digital assets. |
| CRCL | Circle Internet Group | CRCL | NYSE | Cryptocurrency issuer behind the USDC stablecoin. |
| MARA | Marathon Digital Holdings | MARA | NASDAQ | Sustainability-focused US Bitcoin miner. |
| RIOT | Riot Platforms | RIOT | NASDAQ | US Bitcoin miner and blockchain infrastructure provider. |
| HUT | Hut 8 Mining | HUT | NASDAQ | Canadian-based Bitcoin mining and digital infrastructure company. |
Crypto IPO Pipeline
The cryptocurrency space remains one of the most dynamic and fast-paced sectors in capital markets. As regulatory clarity improves and new business models emerge across Web3, DeFi, and blockchain infrastructure, more companies are expected to pursue public listings.
Stay up to date with our IPO Calendar and the IPO Pro Pipeline to track upcoming crypto-related offerings.
HOW TO INVEST IN Crypto STOCKS
Investing in Crypto Stocks
Investing in crypto stocks provides exposure to the broader digital asset ecosystem without directly owning volatile cryptocurrencies. Companies in this space offer services ranging from trading and custody to mining, blockchain development, and decentralized finance.
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Crypto Stock Metrics
Key metrics can include trading volume (for exchanges), assets under custody, transaction fees, mining efficiency (hash rate per dollar or hashprice), energy prices, and token exposure. Evaluate business models, revenue concentration, regulatory compliance, and dependency on specific cryptocurrencies.
Best Crypto Stocks to Buy
Screen for crypto companies that fit your criteria for market cap, revenue, growth, and profitability. Evaluate revenue sources (transaction-based vs. subscription), volume trends, profitability, geographical exposure, and correlation to crypto prices. Long-term investors should consider it essential that a company survive an extended downturn in the prices of popular cryptocurrencies, while still capturing the upside of a crypto rally. Investors should assess long-term scalability, security infrastructure, and institutional adoption. A company touting its blockchain technology should demonstrate commercial partnerships. Don’t underestimate the risk of having geographic exposure to a country with a securities regulator that is unfriendly to crypto. Stock traders in this area will often look for positive momentum to enter positions, while keeping an exit path in mind in the event that the trend turns.
How Crypto Stocks Differ from Other Fintech Companies
Crypto stocks tend to be more volatile and cyclical, often moving in tandem with broader crypto market sentiment. While traditional fintech firms operate within established regulatory frameworks, many crypto companies must navigate evolving legal landscapes and high innovation risk. Crypto companies may not have the same credit risk as many fintechs, such as buy-now-pay-later lenders, but still carry counterparty risk within the digital asset ecosystem.
For investors seeking asymmetric growth in digital finance, crypto stocks offer high potential rewards, but also higher uncertainty and exposure to sentiment-driven swings.
Discover Crypto Investment Ideas by Exploring the Crypto Value Chain
The cryptocurrency ecosystem is made up of a diverse set of companies, many of which are still private, supporting everything from asset creation to transaction settlement. Understanding the Crypto Value Chain helps investors identify high-impact opportunities across various segments. Unlike some sectors, many companies operate across multiple segments.
Six core segments of the Crypto Value Chain:
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Crypto Exchanges & Brokerages
These platforms enable the buying, selling, and conversion of digital assets. Companies like Coinbase (COIN), eToro (ETOR), Robinhood (HOOD), and Gemini provide direct market access for both retail and institutional clients. Exchanges benefit from trading volume and new asset listings.
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Custody & Wallet Providers
Crypto custody is critical for institutional participation. Platforms like Bakkt (BKKT) and Anchorage Digital offer secure, compliant digital asset storage. Wallet providers, such as MetaMask and Ledger (private), serve the retail segment.
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Mining, Blockchain Infrastructure, & Layer 1 Protocols
This category includes the foundational components of blockchain networks, such as miners, stakers, node operators, and the developers of Layer 1 protocols. Companies like MARA Holdings (MARA) and Riot Platforms (RIOT) operate the infrastructure that secures decentralized networks, while projects such as Ethereum, Solana, and Avalanche provide the base-layer protocols that power smart contracts, DeFi, and dApps. These entities are critical to blockchain scalability, security, and decentralization.
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Payments & Stablecoins
Companies that issue digital assets and integrate crypto into payment flows facilitate the use of digital currencies in commerce. Stablecoins also play a growing role in remittances, DeFi, and digital banking. The list includes stablecoin issuer Circle (CRCL), as well as more traditional fintechs that have expanded into crypto, such as PayPal (PYPL) and Block (XYZ).
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Web3 & Decentralized Applications (dApps)
A new wave of startups are building decentralized finance protocols, NFT platforms, and DAOs. This segment still has a number of early-stage players shaping the future of the industry. Examples include OpenSea, Uniswap, Snapshot, and Farcaster.
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Compliance, Analytics & Cybersecurity
As regulations evolve and the space matures, firms specializing in on-chain analytics, fraud detection, and transaction monitoring are gaining traction. Companies like Chainalysis and CipherTrace (acquired by Mastercard) provide critical tools for enforcement and compliance.
A Framework for Investing Across the Crypto Ecosystem
Crypto-related companies operate across a wide risk spectrum, and in some cases overlap. Exchanges and miners can offer leveraged exposure to the crypto cycle, while infrastructure and analytics providers may provide steadier growth. Custody and compliance players stand to benefit as institutional adoption grows.
Investors can diversify across different layers of the crypto stack, from transaction-driven businesses to foundational blockchain networks. Success often depends on market share, regulatory positioning, and the ability to adapt to rapid technological shifts.
Understanding how value flows across the crypto economy enables investors to identify which segments are likely to grow fastest, and which companies are best positioned to capture that growth.
