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Despite Crypto’s Growth, Coinbase Remains the Only Major Public Exchange: CoinGecko
The cryptocurrency market has seen significant growth in recent times, with many blockchain-based projects and exchanges emerging. However, this growth has not led to the emergence of new major public exchanges like Coinbase. According to a report by CoinGecko, Coinbase remains the sole representative of the exchange sector among publicly traded blockchain firms.
As per the report, Coinbase’s market capitalization stands at $71.2 billion as of February 8, 2025, making it far ahead of its closest competitor, Galaxy Digital, which has a valuation of just $6.7 billion. This significant difference in market value further highlights Coinbase’s dominance in the exchange sector.
It is worth noting that while the blockchain industry is growing rapidly, the publicly traded blockchain companies only account for 5.8% of the overall cryptocurrency market capitalization.
