Kuna valued at $50–100 million in Forbes ranking

Ukrainian cryptocurrency exchange Kuna ranked 13th out of 30 in the country’s top technology startups ranking, мнению Forbes.

According to Forbes, the value of the trading platform stands at $50–100 million. The investments put into it totalled $125,000.

Kuna founder Mikhail Chobanian told ForkLog that the market value of the exchange is {{AOPEN_0}}adopted as a basis the draft law «О виртуальных активах»{{ACLOSE_0}} began developing the strategy for the development of the virtual assets market.

“These are the figures we are using. We are preparing for expansion.”

Chobanian added that the company will continue developing, changing the global economy.

“The ultimate goal is to make it into the American Forbes, into the hundred largest companies in the world,” he said.

The current Forbes ranking includes three more crypto companies. The CEX.IO exchange, valued at $70–120 million, ranked 11th.

In 27th place is the blockchain marketplace DMarket, valued at $27 million with investments of $7.2 million.

The decentralized domain registrar Unstoppable Domains sits in 28th place and is valued at $20–30 million, with investments of $5.2 million.

“For companies that attracted investor funds, we relied on publicly available information about placements. Companies that did not attract external funds were valued using market-average indicators, information about their owners and Forbes editors’ calculations,”

— the rating authors noted.

According to Chainalysis’s September study, Ukrainians are the most active cryptocurrency users in the world.

On 2 December 2020, the Verkhovna Rada of Ukraine, in the first reading adopted as a basis the draft law «О виртуальных активах», regulating cryptocurrency operations on the territory of the country.

In early March 2021, the Ministry of Digital Transformation of Ukraine, together with representatives from other agencies and the business began {{AOPEN_4}}developing the strategy for the development of the virtual assets market{{ACLOSE_4}}.

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