The Largest Crypto Companies That Own NFT Marketplaces

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Large crypto companies notice the benefits of NFTs, thus, creating their very own marketplaces

More crypto companies are supporting banking solutions, cybersecurity, smart contracts, digital identities and, of course, NFT marketplaces!

Interestingly, many large crypto companies have created their own NFT marketplaces alongside their networks, allowing their users to buy and sell numerous different types of digital assets on their own platforms.

These networks allow you to store and display your own NFTs before selling them for either cryptocurrencies or FIAT—depending on company requirements. Some of these NFT hubs also allow users to mint their own digital assets.

So, check out these 5 large crypto companies that have their very own NFT marketplaces:

Binance

Founded in 2017 by Chinese Canadian Developers, Changpeng Zhao and Yi He, Binance has become the largest digital currency exchange platform to date.

According to CoinMarketCap, Binance is the world’s largest crypto exchange by trading volume, with $76 billion daily trading volume on Binance exchange as of August 2022, and 90 million customers worldwide. 

The network deals with digital technology and finance around the globe, listing 350 cryptocurrencies on its platform in total. Users can safely exchange the cryptocurrencies provided with the support of Binance’s security, which stores 10% of all trading fees in a secure asset fund to protect users’ shares. 

Moreover, the company has its own NFT marketplace where anyone can hunt down and trade a large selection of in-game items, virtual land, digital art and more—at a flat trading fee of just 1%.

Users can also mint their own digital assets on Binance’s NFT hub.

Coinbase

San Francisco-based crypto exchange Coinbase first went public on the NASDAQ exchange through a direct listing. Now, the company marks being the first ever crypto project listed on a stock exchange, proving the relevance of blockchain innovation. 

Former Airbnb Engineer, Brain Armstrong, created this straightforward portal for crypto enthusiasts and novices to buy and transfer cryptocurrencies. And boy, he succeeded—becoming one of the most prominent cryptocurrency companies to date. 

As of September 2022, Coinbase has a market cap of $18.31 Billion, according to CompaniesMarketCap. More than 56 million users use the network for trading 150 different types of cryptocurrencies, like BTC, ETH, AVAX, SOL, ADA, USDC, DOGE, MATIC and USDT. 

The company also has its very own social marketplace that lets you display, buy and sell NFTs.

It’s crucial to note that the marketplace is exceptionally secure. The platform includes account verification each time you want to purchase an NFT from a verified creator or seller and ensures smart contracts verification using Etherscan.

Here’s a sneak peak of the NFT marketplace—check it out!

Gemini

Gemini is a crypto exchange with a market cap of $299,378,815, founded in 2014 by famous American investors dubbed the Winklevoss twins.

The firm is a private exchange that offers custodian services. The idea behind it is to connect both FIAT and cryptocurrencies. They achieve such goals by mapping a cryptocurrency like Ethereum, and a fiat currency like the US dollar, together.

Nevertheless, Gemini became most well-renowned for offering private investors a “first-of-a-kind” custodian service. In addition, the firm can hold customers’ digital assets, like NFTs, due to being regulated and licensed as a New York State Trust company.

Gemini also supports NFTs by recently acquiring a popular platform where you can manage and purchase NFTs, Nifty Gateway.

The platform also provides a straightforward way to purchase NFTs using your credit or debit card rather than solely accepting cryptocurrencies like other marketplaces.

Polygon

Polygon, formerly known as Matic Network, is a blockchain network that consists of a bunch of protocols created to solve Ethereum’s scalability issues.

Conforming to CoinMarketCap, the network’s market cap is $6,520,967,376 due to taking charge of transactions on a separate Ethereum-compatible blockchain. 

Subsequently, Polygon returns all transactions to the main Ethereum blockchain post the process. The need for this approach includes lowering Ethereum’s network load, so Polygon can send transactions that save time and cost less in gas fees.

Following this, users can access and interact with any decentralized applications and purchase NFTs on Poylgon’s marketplace without worrying about network congestion and unwanted fees.

Regarding the above perks, minting NFTs on Polygon’s marketplace is also extremely profitable.

Crypto.com

Crypto.com is most famous for its ever-so-famous crypto trading platform, which has more than 10 million users. However, the firm has also created its marketplace, which has helped the company’s market cap hit more than $2 billion.

The marketplace was created in 2021, offering NFTs from numerous categories, including art, gaming, sport, music and celebrities.

The NFTs are available either through auction or for a fixed price. The best thing about Crypto.com is that there are no transaction fees when purchasing NFTs on the platform, which is a significant issue for most other marketplaces.

The network aims to make investing easy—whether through cryptocurrencies or NFTs.

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