Coinbase, Gemini, and Ripple Named Among Top 50 Startups of 2018 by LinkedIn
LinkedIn calls their list, “LinkedIn Top Startups 2018: The 50 Most Sought-After Startups in the U.S.” You can view the full list here.
Ripple excitedly announced the news in a tweet earlier today:
We’re honored to be named one of the #LinkedInTopStartUps. Congratulations to our team worldwide for the dedication to building the #InternetofValue and for making Ripple an incredible place to get the job done. Interested in joining our team? Learn more:https://t.co/cpLCnAbsYE pic.twitter.com/QQOZX9PDKy
— Ripple (@Ripple) September 6, 2018
Coinbase (#3) and Ripple (#7) were seen as two of the top ten best startups in the United States, while Canadian crypto exchange Coinsquare (#2) was seen as the second best startup in Canada.
LinkedIn generated the list using data from its own website, including the actions of its 575 million LinkedIn members. The list was calculated based on four specific pillars, including:
- Employee growth
- Jobseeker interest
- Member engagement with the company and its employees
- How well startups pull talent from major companies
LinkedIn specifically looked at which employees jumped ship from LinkedIn’s Top Companies list to join a startup. A startup that consistently attracts top talent to its team from top companies, for example, can be seen as a sought-after startup.
To be eligible for the list, companies must be 7 years old or younger. They also must have 50 employees and be privately held and headquartered in the United States.
Coinbase reached the number three position on the list, while Ripple was at number seven. LinkedIn praised Coinbase’s 20 million accounts, which is twice as many accounts as traditional financial services provider Charles Schwab. The San Francisco-headquartered company is described as a place where employees go to get their “MBA in crypto”. By the end of 2018, Coinbase is planning to double its headcount.
Ripple, in the seventh position, is a San Francisco-headquartered startup that counts Santander and Standard Chartered among its major clients. With 250 employees today, Ripple plans to hire another 75 employees by the end of the year.
Gemini Trust Company, meanwhile, was ranked in the 25th spot on the list of the best startups of 2018. Founded by “bitcoin bros” Cameron and Tyler Winklevoss, who claim to be the world’s first bitcoin billionaires, the New York City-headquartered company is attempting to bring regulated crypto trading mainstream.
The only two bigger startups than Coinbase, according to LinkedIn’s research, were Lyft (#1) and Halo Top Creamery (#2).
Canadian Crypto Exchange Coinsquare Ranked as the Number 2 Startup in Canada
The list of the top startups above refers specifically to companies headquartered and privately held in the United States. Canadian companies were excluded from the above list, but LinkedIn made its own list for Canadian companies.
One crypto company was well-represented on the list of top Canadian startups: Coinsquare, the country’s largest cryptocurrency exchange, was ranked as the number two best startup in Canada.
LinkedIn’s list describes Coinsquare as a “financial services” company that:
“simplifies buying and selling digital currencies like bitcoin and Ethereum for Canadians by allowing them to use Canadian dollars directly.”
The Toronto-headquartered company was the fastest growing company on the list. In the last 12 months through June, Coinsquare nearly doubled its employee number, increasing its employee count by 92%.
Cryptocurrencies and blockchain technology have gone from niche technological innovations to mainstream finance. As LinkedIn’s list of the top startups of 2018 shows us, crypto is well-represented among North American startups, with Gemini, Coinbase, Ripple, and Coinsquare all achieving strong rankings.