Ask HN: Are there any profitable companies in the cryptocurrency space?

4 points by react_burger38 6y ago ↗ HN

It seems like there were a lot of companies who tried to cash in on the crypto space, but it didn't seem like anyone made any real money. Almost seems like they are just burning VC money now.

Do you know any companies that are profitable doing crypto stuff? Or even companies involved with other things that did a venture with crypto that actually make money?

3 comments

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daleholborow 6y ago ↗

I put this question in LinkedIn several months ago, am still yet to hear even a single attempt at claiming a real business model/profitability.

PureParadigm 6y ago ↗

Coinbase is profitable [1]. Potentially other exchanges are profitable. Mining is profitable for some, or they wouldn't be doing it.

[1] https://www.vanityfair.com/news/2019/10/brian-armstrong-conf...

lftherios 6y ago ↗

Most centralized exchanges like coinbase, binance & kraken.

Many mining or staking-as-a service companies like chorus.one or certus.one.

Some of the wallet providers.