Fireblocks, a New York-based blockchain security service provider, made over $100 million in annual recurring revenue (ARR) this year, confirming the rising interest in the crypto ecosystem that contradicts negative investor sentiments.
ARR relates to the recurring revenue earned by a company based on subscriptions. As a software-as-a-service provider, Fireblocks witnessed overwhelming interest in decentralized finance (DeFi), blockchain and Web3 technologies.
The reason behind increased revenue amid an ongoing bear market can be attributed to an overall change in mindset, as companies and investors seem more inclined toward exploring crypto use cases rather than chasing market volatility for a quick buck.
Sharing insights into its growing customer base, Fireblocks co-founder and CEO Michael Shaulov stated:
“We have seen first-hand the innovation happening among fintechs, Web3 start-ups, banks and payment service providers who are diligently bringing new digital asset products to...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...