The convergence of traditional finance and cryptocurrency is no longer a speculative future—it's happening now. From mining farms to Wall Street giants, crypto-native companies are making bold moves into public markets, signaling a major shift in investor sentiment and market structure.
In a landmark moment for the industry, Coinbase Global Inc. (COIN) was officially added to the S&P 500 index on May 19, 2025—four years after its direct listing on NASDAQ. The announcement sent ripples through both traditional and digital asset markets, with Coinbase’s stock surging 10% in after-hours trading. According to Dan Dolev, Senior Payments Analyst at Mizuho, “This is a sign of the times—crypto stocks are now mainstream.”
This isn’t an isolated event. The broader trend shows increasing institutional appetite for publicly traded crypto businesses. Recent IPOs like Antalpha, which surged over 70% on its first trading day, and Galaxy Digital’s successful NASDAQ debut following corporate restructuring, underscore a growing recognition: crypto equities are becoming a new asset class.
Whether you're an investor tracking market trends or a blockchain enthusiast monitoring industry evolution, understanding the landscape of listed crypto enterprises is essential. Below is a comprehensive overview of 45 publicly traded companies shaping the future of finance across four key sectors: exchanges & platforms, mining & infrastructure, investment & financial services, and crypto-native ecosystem players.
👉 Discover how top investors are positioning themselves in this emerging market
Exchanges & Trading Platforms (6 Companies)
These companies serve as gateways between traditional capital and digital assets, offering compliant access to crypto markets.
Coinbase Global Inc. (COIN)
- IPO Date: April 14, 2021
- Exchange: NASDAQ
- Ticker: COIN
- Monthly Gain: +28.83%
Founded in 2012 and headquartered in San Francisco, Coinbase remains one of the most trusted names in crypto. With over 120 million users across 100+ countries, it offers retail and institutional services including custody (Coinbase Custody) and prime brokerage (Coinbase Prime), managing over $200 billion in assets. Its inclusion in the S&P 500 marks a historic milestone—making it the first pure-play crypto stock in the index.
Robinhood Markets, Inc. (HOOD)
- IPO Date: July 29, 2021
- Exchange: NASDAQ
- Ticker: HOOD
- Weekly Gain: +13%
Best known for commission-free stock trading, Robinhood expanded into crypto in 2018, allowing users to buy, sell, and hold Bitcoin, Ethereum, and other major cryptocurrencies. While facing regulatory scrutiny at times, its mobile-first approach has attracted millions of retail investors to digital assets.
Block, Inc. (SQ)
- IPO Date: November 19, 2015
- Exchange: NYSE
- Ticker: SQ
Formerly Square, Block has long been a pioneer in integrating crypto into mainstream finance. Through its Cash App platform, users can seamlessly trade and store Bitcoin. The company also invests in Bitcoin mining and hardware wallet development via its TBD division, focusing on decentralized identity and financial inclusion.
Bakkt Holdings Inc. (BKKT)
- IPO Date: October 18, 2021
- Exchange: NYSE
- Ticker: BKKT
Backed by Intercontinental Exchange (ICE), Bakkt targets institutional clients with regulated digital asset solutions. It offers physically settled Bitcoin futures, spot trading, and crypto rewards programs. Partnerships with Starbucks and Mastercard highlight its push to bring crypto into everyday retail use.
OSL Group Ltd (0863.HK)
- IPO Date: April 27, 2012
- Exchange: Hong Kong Stock Exchange (HKEX)
- Ticker: 0863
As Hong Kong’s leading digital asset platform, OSL holds a Virtual Asset Service Provider (VASP) license from the SFC. It provides brokerage, exchange, and institutional-grade custody services, managing over $5 billion in assets. Focused on Asia-Pacific markets, OSL serves high-net-worth individuals and institutional clients with secure API-driven trading infrastructure.
eToro Group Ltd (ETOR)
- IPO Date: May 15, 2025
- Exchange: NASDAQ
- Ticker: ETOR
Israeli fintech innovator eToro went public in 2025 with strong momentum. Known for its “copy trading” feature—where users mirror expert traders—it boasts over 30 million registered users globally. The platform supports crypto trading alongside stocks and ETFs, lowering barriers to entry through intuitive design and community engagement.
👉 Learn how global platforms are bridging traditional finance with blockchain innovation
Bitcoin Mining & Infrastructure Firms (24 Companies)
Once seen as niche operators, these firms now represent a mature sector leveraging renewable energy, AI integration, and scalable data centers.
Key players include:
- Bit Digital (BTBT) – U.S.-based miner using green energy; monthly gain: +27.32%
- Bitfarms (BITF) – Canadian hydro-powered operations; vertically integrated model
- Cipher Mining (CIFR) – Fast-growing U.S. operator; +32.63% monthly return
- CleanSpark (CLSK) – Focuses on sustainable mining; uses AI for energy optimization
- Core Scientific (CORZ) – Operates one of North America’s largest mining infrastructures; expanding into AI computing
- HIVE Digital (HIVE) – Runs facilities in Canada, Sweden, Iceland; combines HPC with mining
- Hut 8 Corp (HUT) – Pioneering energy-efficient mining; merging with American Bitcoin for NASDAQ expansion
- Gryphon Digital Mining (GRYP) – Surged over 440% in one day amid merger news
- IRIS Energy (IREN) – Australia-based; fully powered by renewables; +41% monthly gain
- Marathon Digital (MARA) – Long-standing industry leader; aggressive fleet expansion
- Riot Platforms (RIOT) – Texas-based powerhouse; investing heavily in self-owned power
- TeraWulf (WULF) – Zero-carbon mining focus; facilities in New York and Pennsylvania
- Applied Digital (APLD) – Merges blockchain with AI/cloud infrastructure
- Bitfufu (FUFU) – Singapore-based cloud mining provider; lowers entry barrier
- BIT Mining (BTCM) – NYSE-listed Chinese firm; regained compliance status in late 2024
- Bit Origin (BTOG) – Small-scale U.S. miner; faced delisting risk due to low share price
- Mawson Infrastructure (MIGI) – Australian operator with modular data center designs
- Abits (ABTS) – Specializes in compact mining solutions
- Ninth City (NCTY) – Former gaming company turned miner; operates in North America
- Greenidge Generation (GREE) – Integrated power plant and mining facility
- Canaan Inc. (CAN) – Manufacturer of Avalon ASIC miners; top-tier Chinese hardware maker
- Ebong International (EBON) – ASIC chip designer; early adopter of 10nm technology
- Intchains Group (ICG) – Provides high-efficiency IC solutions for mining hardware
- CoreWeave (CRWV) – Former miner pivoted to GPU cloud computing for AI workloads; listed March 28, 2025
This segment reflects a transformation: many miners are evolving from single-purpose Bitcoin producers into diversified computational power providers—fueling both blockchain networks and artificial intelligence development.
Crypto Investment & Financial Services (9 Companies)
These firms act as bridges between traditional capital markets and digital asset ecosystems.
Galaxy Digital Holdings Ltd (GLXY)
- Listed on TSX in 2018; moved to NASDAQ in May 2025 after restructuring
- Offers trading, asset management, and investment banking for digital assets
CoinShares International Ltd (CS)
- Europe’s largest digital asset investment firm
- Leading issuer of ETPs backed by Bitcoin and Ethereum
Strategy (formerly MicroStrategy) (MSTR)
- Renamed in 2025 to reflect strategic pivot
- Holds over 576,230 BTC—nearly 3% of total supply—as of May 2025
Amber International Holding Limited (AMBR)
- Singapore-based; listed March 13, 2025
- Specializes in algorithmic and high-frequency crypto trading
Antalpha Platform Holding Company (ANTA)
- Listed May 14, 2025; surged 70% on debut
- Provides financing and equipment services across the mining value chain
Strive (formerly Asset Entities) (ASST)
- Rebranded after merger on May 7, 2025
- Positioned as a next-gen Bitcoin treasury company
Twenty One Capital (XXI)
- Backed by Tether and SoftBank; listed April 23, 2025
- Entered public markets with $3.6B worth of Bitcoin on balance sheet
Semler Scientific (SMLR)
- Medical tech firm that adopted Bitcoin treasury strategy
- Monthly gain: +30%
Metalpha Technology Holding Limited (MATH)
- Revenue from OTC derivatives and market-making activities
- Operates in partnership with major exchanges
These firms demonstrate how companies outside traditional crypto roles are adopting blockchain strategies—from treasury management to product innovation.
Crypto-Native Ecosystem Players (6 Companies)
These entities are deeply embedded within blockchain ecosystems.
Exodus Movement Inc. (EXOD)
- Wallet developer; non-custodial solution for multi-chain assets
Fold Holdings, Inc. (FLD)
- Bitcoin rewards via debit card; “crypto cashback” model
Mercurity Fintech Holding Inc. (MFH)
- Combines AI infrastructure with blockchain and financial services
Sol Strategies, Inc. (CYFRF)
- Formerly Cypherpunk Holdings; now fully focused on Solana ecosystem
- Stakes SOL and invests in Solana-based startups
BTCS Inc. (BTCS)
- Operates e-commerce platform accepting digital currencies
- Runs Ethereum validators and block builders
DeFi Development Corp (DFDV)
- Former real estate tech firm; now holds over 609K SOL (~$107M)
- Stock up over 2800% since pivot to Solana
Frequently Asked Questions
Q: What does it mean for Coinbase to join the S&P 500?
A: It signifies institutional validation of crypto as an investable sector. As the first major crypto-native company in the index, it opens doors for ETFs and mutual funds to include COIN automatically.
Q: Are these stocks safe for long-term investment?
A: While regulatory clarity improves, volatility remains high. Investors should assess each company’s fundamentals—revenue model, energy efficiency, governance—and diversify accordingly.
Q: How do mining companies stay profitable amid price swings?
A: Many use hedging strategies, operate on low-cost renewable energy, or diversify into AI/cloud computing to stabilize income streams.
Q: Why are non-crypto companies buying Bitcoin?
A: Firms like Strategy (MSTR) view BTC as a hedge against inflation and dollar devaluation—a modern corporate treasury reserve asset.
Q: Can I buy these stocks outside the U.S.?
A: Most trade on U.S. exchanges but may be accessible via international brokers or ETFs tracking global fintech innovation.
Q: What’s driving the rise of Solana-focused public companies?
A: Solana’s speed, low fees, and growing DeFi/NFT activity make it attractive for ecosystem investment—similar to early Ethereum plays.
👉 See which blockchain ecosystems are attracting the most institutional capital today
The Big Picture
The list of 45 public crypto firms reveals a maturing industry. From raw compute power to sophisticated financial instruments, the ecosystem now mirrors traditional market structures—with one key difference: it's built on decentralization.
As Circle, Kraken, and others prepare for potential IPOs, the pipeline of crypto listings will only grow. This shift means that token prices alone no longer define market health—public equity performance is now equally important.
For investors, this creates new opportunities to gain exposure through regulated vehicles. For builders, it signals that sustainable business models matter more than hype.
The era of “crypto going mainstream” isn’t coming—it’s already here.