PALO ALTO, Calif., Dec. 19, 2020 /PRNewswire/ — CB Insights has named impartial crypto prime dealer SFOX as one of many world’s top 50 blockchain companies. The agency was given a spot on CB Insights’ first ever Blockchain 50, a listing of the highest personal corporations utilizing blockchain expertise to unravel a few of companies’ largest issues. Winners have been chosen from a pool of two,700 corporations. SFOX gives its providers in a number of classes together with as an Alternate, Custody, Capital Markets, and Pockets providers supplier, and was honored within the Alternate class.
CB Insights CEO Anand Sanwal explained in a statement, “Blockchain moved from attainable to sensible in 2020 as evidenced by the enterprise adoption we tracked. On the similar time, the blockchain firm ecosystem additionally grew to become extra crowded, creating noise and uncertainty for enterprises as they consider distributors and companions. The Blockchain 50, which we have created at the side of Blockdata, was born out of a need to scale back that uncertainty and acknowledge the pioneering corporations utilizing the blockchain.”
“Because the longest operating prime brokerage platform, SFOX has been a trusted associate for merchants since 2014 and has expanded its providing to satisfy the demand from funds, monetary providers suppliers and establishments. We sit up for persevering with to innovate to handle the challenges our clients face on this extremely advanced and quickly altering market,” mentioned Akbar Thobhani, founder and CEO of SFOX.
When deciding on the winners, CB Insights primarily based its analysis on components together with enterprise fashions, market potential and momentum, aggressive panorama, group energy, investor profiles, knowledge submitted by the businesses, and Mosaic scores. Lots of the corporations to make the checklist have established blockchain service contracts with enterprises like authorities businesses, retailers and conventional banks.
“We’re honored that SFOX has been chosen for inclusion on the CB Insights Blockchain 50 checklist. Our mission is to deliver probably the most superior and safe buying and selling and custody resolution to professionals, merchants and establishments on this quickly maturing market. Incomes this recognition from CB Insights is a testomony to SFOX’s innovation and management in driving institutional adoption of crypto belongings,” mentioned George Melika, co-founder of SFOX.
About CB Insights
Founded in January of 2008, CB Insights relies in New York and builds software program to assist its purchasers higher perceive future expertise traits. To do that, the agency will analyze thousands and thousands of paperwork so it could present its purchasers with the data they should reinforce and higher enterprise choices. CB Insights gives providers to a variety of Fortune 100 corporations and has garnered greater than $11 million in funding since its inception.
Headquartered in Los Angeles and founded in 2014, SFOX is a number one prime supplier that seeks to attach its purchasers with cryptocurrency buying and selling platforms throughout the globe to allow them to evaluate costs and set up buying and selling routes that greatest meet their beliefs and objectives. The corporate offers an assortment of order sorts together with normal market and restrict orders, good routing, sniper and prompt, so merchants can finalize their crypto trades below the best and most safe situations.