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Top crypto exchange Binance rank sixth in global unicorn index 2022 with valuation of $45 billion

On August 30, the Hurun Research Institute released the Global Unicorn Index 2022 Half-Year Report, which is available to the public. The research placed Binance, a company that works in the blockchain industry, in the number six position with a value of $45 billion USD.

Binance was established in 2017 by CZ Zhao and He Yi, and the exchange is delighted by its native cryptocurrency, BNB. The island nation of Malta serves as the location of the company’s headquarters, and investors Vertex Ventures, Funcity Capital, and Black Hole Capital are among its most important backers.

The company Douyin, which is situated in Beijing and has a value of $200 billion, came out on top of the list, becoming the most valuable unicorn in the world. Notably, SpaceX, which is owned by Elon Musk, came in at position number two on the list and was valued at a total of 125 billion dollars. Meanwhile, the quick fashion portal Shein, the cryptocurrency exchange Binance, the digital bank WeBank, the digital technology start-up JDT, and the financial technology startup Checkout.com have all made their debuts on the list.

It is important to note that the Global Unicorn Index 2022 Half-Year Report gives a rating of the world’s start-ups that were established in the 2000s, have a value of at least one billion dollars, and are not yet listed on any public exchange. This information can be found in the report. The cutoff date for this year was June 30th. Since 2017, the institution has been keeping tabs on the unicorn population.

The value of the top ten unicorns from this year accounts for 17.6% of the total worth of all unicorns in the world. Five of them are from China, three are from the United States, while the United Kingdom and Malta each contributed one.

According to the findings of Hurun Research, there are 1,312 unicorns on the globe. On average, these unicorns were created eight years ago, in 2014. According to the findings of the study, the overall worth of all of the world’s known unicorns comes to US$4.2 trillion, which is larger than Germany’s GDP. In addition, the average age of a unicorn founder is 44 years old, which indicates that they started their companies when they were 36 years old.

Rupert Hoogewerf, Chairman of the Hurun Report and Chief Researcher, said that the purpose of the Global Unicorn Index 2022 Half-Year Report is to identify the most successful start-up businesses throughout the globe.

The current start-up trends in the United States and China show that the majority of US unicorns are found in the software as a service (SaaS), financial technology, and health technology sectors, while China’s unicorns are found in the health technology, artificial intelligence, and e-commerce sectors.

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Jeewan Singh is CryptoShrypto’s content writer and a seasoned writer with over two years of experience in writing about Indian Securities Market. Jeewan's participation in Blockchain and Cryptocurrency started in late 2020, and he hasn't looked back since. The technical and economic outcomes of cryptocurrency are what spark his curiosity, and he keeps one eye on the market.
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