Fintech companies use technology to facilitate financial transactions between businesses and consumers. And the financial industry is snowballing due to the use of cutting-edge technologies such as artificial intelligence, the Internet of Things, blockchain marketing, cryptocurrency, and more. Cryptocurrency, particularly, has been the center of the fintech unicorn subset. While widespread public approval of cryptocurrencies has not yet been attained, there is little doubt that they will eventually play a role in the economy. Fintech is expected to gain from an increase in cryptocurrency availability and usage. Here are 11 crypto fintech companies for people just dipping their toes into cryptocurrency and those well-versed in the field.
Best Crypto Fintech Companies:
What Can Cryptocurrency Do for Fintech?
Cryptocurrency is now at the forefront of fintech due to several benefits, including: Coinbase’s simplicity of use is one of its best features. Even those without experience with coins can easily navigate Coinbase’s main website and mobile app. Its site also provides market studies, tips, tutorials, and crypto basics. Coinbase also offers tools and services to individuals, businesses, and developers. Initially just accepting Bitcoin, Coinbase now supports over 160 other coins, including Ethereum, Polkadot, USD Coin, Litecoin, Cardano, Shiba Inu, and Polygon. It intends to add more in the future. Key Features and Services Offered:
Cryptocurrency exchanges Blockchain and Crypto APIs Crypto savings account Crypto staking platform
Fireblocks, with operations in the US, the UK, Israel, Hong Kong, Singapore, Germany, France, and Switzerland, streamlines the transfer of digital resources. Many cryptos, web3, and digital asset enterprises rely on Fireblocks software and APIs to administer treasury operations, access DeFi, mint and burn tokens, and secure and run their digital asset transactions. The Fireblocks website includes Fireblogs and resources for novice and experienced crypto traders. Among the resources available are case studies, webinars, industry insights, an Ethereum cost savings calculator, the Digital Asset Insider, and Fireblocks Academy. Key Features and Services Offered:
Fireblocks network Tokenization Blockchain platform AML software and compliance Fireblocks DeFi Policy and workflow engine Crypto portfolio management software Crypto staking platform
The company’s data platform offers investigative, compliance, and risk assessment tools that have been used to crack some of the most notorious cybercrimes in history and increase consumer access to cryptocurrencies in a secured environment. Key Features and Services Offered:
Fraud detection software Blockchain platform Crypto tool Crypto compliance software Blockchain security software
This global cryptocurrency exchange, which operates in Mexico, Brazil, and Gibraltar, was explicitly established to help integrate Mexico’s rural population into the economy. Bitcoin was seen as a tool that could help reduce transaction fees while increasing transaction speed. Bitso is now facilitating the adoption of cryptocurrencies in Mexico by offering a platform for Mexicans to buy and sell Bitcoin and Ethereum while also accepting fiat currency. Key Features and Services Offered:
Bitso wallet Bitso mobile app Cryptocurrency exchanges Bitso+ Bitso Alpha
Unlike most of the other companies mentioned on this list that focus more on the technical aspects like security and compliance, NinjaPromo is skilled at all things marketing. Key Features and Services Offered:
Fintech SEO Community management Investor relations Marketing consulting and auditing Fintech PR Design
FalconX is one of the most advanced digital asset systems available today. Clients may oversee their cryptocurrency solutions using a single interface and seamless operations. FalconX employs data integration to provide the most accurate point-in-time performance in the cryptocurrency market. It also offers a comprehensive institutional trading solution with round-the-clock human support and flexible payment options. Key Features and Services Offered:
Credit and treasury management Prime offering Trade execution Market making Cryptocurrency exchanges Algorithmic trading software
Security, liberty, and transparency are the tenets of Mercado Bitcoin. By working with the top IT companies and global authorities in security testing, the company’s investments in infrastructure and tech are intended to increase the security of its clients’ decision-making. Additionally, it allows users to trade any cryptocurrency or digital asset on the site, providing them with more flexibility over portfolio diversification. In 2020, the Blockchain Transparency Institute (BTI) named Mercado Bitcoin as one of the world’s top 25 most trusted exchanges. Key Features and Services Offered:
Cryptocurrency exchanges Equity Fan tokens NFTs DeFi Backed tokens Utility tokens
Gemini maintains the highest levels of security and operational compliance. It is the world’s first cryptocurrency custodian and exchange to achieve this level of financial operations and security compliance. The platform has never been hacked, making it one of the world’s most secure cryptocurrency exchanges. While Gemini stands out for its focus on security and compliance, the exchange offers fewer coins than others. Despite its smaller asset pool, this platform is a brilliant option for newbie and expert traders, given its availability in all 50 states and hot wallet insurance. Key Features and Services Offered:
Cryptocurrency exchanges Crypto payment gateway Crypto wallets DeFi lending platform Crypto custodians Crypto savings account Crypto APIs
The global staff at Blockchain.com works diligently to advance cryptocurrency adoption and usher in the economic future. The platform provides users with a seamless experience down to the smallest elements. Everything can be done in microseconds if a user wants to buy, sell, or swap cryptocurrencies for other assets. Key Features and Services Offered:
Cryptocurrency exchanges DeFi platforms Blockchain APIs Crypto APIs Crypto savings account Crypto wallets Blockchain explorers
Key Features and Services Offered:
Cryptocurrency exchanges Crypto wallets
Kraken supports over 200 distinct cryptocurrencies for cryptocurrency exchange, making stakes, margin trading, and futures contracts. This platform supports both spot trading at current market values and crypto futures. Kraken offers bitcoin trading at competitive prices to both individual and institutional customers. Kraken’s low trading fees and access to a wide range of currencies may appeal to young and seasoned cryptocurrency traders. Kraken is best for cryptocurrency newbies, whereas Kraken Pro is ideal for advanced users due to its higher margins and future possibilities. Beginners and expert users alike may earn interest benefits by staking coins. Key Features and Services Offered:
Cryptocurrency exchanges Crypto APIs Fee structure Crypto margin trading exchanges Funding options Indices Cryptowatch Account management
Unlocking new fintech markets
With cryptocurrency, new financial markets are being explored, even for unconventional reasons. In countries with stable currencies, regular bank customers don’t understand cryptocurrency. These customers have no reason or need to use crypto unless they’re early adopters. However, in places where currencies are volatile, cryptocurrencies are more prevalent and highly adopted. Venezuela is an excellent example. When the bolivar dramatically depreciated, cryptocurrencies gained traction as a more stable and sustainable alternative. Another example is when global economic depressions happened at the height of the pandemic. Because traditional finance was in limbo at the time, crypto startups attracted many investors, propelling some of them to the status of fintech unicorns. Cryptocurrencies are also appealing to roughly one billion people worldwide who have a mobile device but don’t have a bank account. Because they don’t have a traditional banking medium, they can’t use conventional financial tools. They can, however, use tools based on cryptocurrencies. In all these cases, cryptocurrency makes it easier for fintech companies to find new customers who may now be able to use their services.
Reducing the risk of fraud
Fintech faces the same challenges as conventional financial institutions regarding fraud, embezzlement, and money laundering. Preventing such activity is expensive and time-consuming. Cryptocurrencies’ transaction records are easily verified and built on public, decentralized ledgers. Because blockchain records are secure, fraud detection is easier and less costly for fintech.
Final Thoughts
The growing interest in investing in crypto may lead to significant diversification in the fintech industry. As a result, financial services and tech solutions will increase, offering alternatives to traditional banking and the like. The 11 crypto fintech companies above provide excellent venues for new and seasoned traders who intend to dabble in buying, selling, and storing cryptocurrencies.
