Digital Currency Group and Coinbase are named in the magazine’s 2021 Top 100 Most Influential Companies list

In the top 100 Most Influential Companies list in 2021, Time Magazine selected two names in the cryptocurrency market, Digital Currency Group, and Coinbase.

Time was first published in March 1923, and the magazine and online publication has continued to gradually expose itself to the crypto world. In March, it auctioned off its first set of tokenized magazine covers as NFTs, with the highest-selling NFT fetching almost $250,000.

Digital Currency Group and Coinbase are named in the magazine’s 2021 Top 100 Most Influential Companies list

The Top 100 highlights the impact the two crypto giants have made in the past 12 months. The list consisted of four different categories – Pioneers, Leaders, Innovators, and Disrupters.

Digital Currency Group is classified as a Disrupter along with other big names like Tesla, Huawei, Shopify, and Clubhouse.

Time Magazine noted that:

“Digital Currency Group is demystifying crypto for investors through its subsidiaries, asset manager Grayscale, and crypto news website CoinDesk.”

As of today, Grayscale has $ 45.5 billion in assets under management or AUM:

“In January 2020, Grayscale’s Bitcoin Trust became the first financial product backed entirely by digital currency to report to the Securities and Exchange Commission—opening the Trust (and, by extension, the blockchain) to more potential investors.”

Although Grayscale has had a huge track record over the past year, the listing of its parent company may also be affected by its recent partnership with Time. Time Magazine and Grayscale are teaming up to launch a series of educational videos based on cryptocurrencies, with Time also agreeing to be paid by Grayscale in Bitcoin and keeping BTC on its balance sheet.

On the other hand, Coinbase has been listed under the Titan category alongside the main giants Facebook, Alibaba, Google, Walmart, and Amazon. This exchange has been described as enhancing the credibility of cryptocurrencies, and this involves a direct listing on the Nasdaq on April 14th. The exchange made more revenue during the first quarter of this year by 2020, with $ 1.8 billion reported in Q1 vs about $ 1.2 billion in all of last year:

Time Magazine describes:

“It’s been a huge year for cryptocurrencies, but nothing’s been as validating as the April 14 direct listing of Coinbase, which operates an exchange where 56 million users buy and sell Bitcoin and more. Coinbase ended its first day of trading worth nearly $86 billion—making it the most valuable U.S. financial exchange, and giving cryptocurrencies a boost of Wall Street cred.”

The addition of Coinbase and Digital Currency Group is one more step on the path of mainstream cryptocurrency adoption. Just not long ago, it was difficult to imagine the duo rising to the company of famous Top 100 organizations such as Disney, BP, Paypal, Adidas, Spotify, and Airbnb.

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