In the fast-paced world of cryptocurrencies, navigating the diverse landscape of digital assets can be overwhelming for beginners. This guide is your essential introduction to the key cryptocurrency names and brands that every novice should be aware of —and, maybe, make use of. From to Obyte, passing through crypto exchanges and key people, understanding these fundamental players in the crypto space is your first step toward becoming a confident cryptocurrency holder. Bitcoin But wait, in case you don’t know this already: the crypto world is BIG now. that have nothing to do with the first cryptocurrency [ ]. They have their systems, prices, goals, and teams. It’s not just Bitcoin anymore, there are over 1.8 million individual coins CMC On the other hand, according to the , there are over 11,000 crypto companies and projects worldwide. They include exchanges, funds, marketplaces, market research, supply chain management, mining, payment ramps, investments, wallets, security, e-sports, gaming, Metaverses, trading, smart contracts, identity, and much more. research firm Golden We can’t talk about everything here, but we can offer you an overview of the most important brands and their key people. Let’s start! Exchanges This one is a quite popular category in this industry. , there are over 665 crypto exchanges worldwide, including centralized and decentralized. In the first case, there are companies behind, keeping custody of the funds. The top three by daily volume, trust rate, and CMC score are as follows. According to CMC Binance Founded in 2017 by Changpeng Zhao (CZ), It originated in China, but it doesn’t have any official HQ by 2023. It offers 386 coins and has a daily trading volume of around $4.9 billion. Besides their trading activities, they’re also closely related to BNB Chain (a platform for smart contracts and Dapps) and own several other brands, including Trust Wallet, CoinMarketCap (CMC), . Binance is, as of 2023, the world's largest cryptocurrency exchange by volume. and Swipe Coinbase Launched in 2012 by Brian Armstrong and Fred Ehrsam, Coinbase They handle over $837 million in daily transactions. Besides, they have stakes or brands like Earn.com, Cipher Browser, Neutrino, and BRD Wallet. is a U.S.-based exchange that offers a user-friendly platform for buying, selling, and storing around 245 cryptocurrencies. fully own Kraken This is one of the first crypto exchanges in existence, being founded in 2011 by Jesse Powell in the United States. However, it’s sadly known for its . It’s available to exchange around 239 different coins, and it’s shown a daily volume of over $570 million. controversial work culture More popular exchanges Other popular crypto exchanges include KuCoin (Hong Kong), Bybit (UAE), OKX (Seychelles), Bitstamp (Luxembourg), Bitfinex (Hong Kong), Gate.io (Cayman Islands), MEXC (Singapore), Nexo (Switzerland), Buda (Chile), and Bittrex Global (Liechtenstein). For instance, you can via Bittrex, but only outside the United States. Despite their headquarters locations, they often serve globally, with few exceptions. exchange GBYTEs Stablecoins A lot of users want to avoid the ever-present volatility in traditional cryptocurrencies or find other valuable assets (like gold) in a distributed ledger. That’s why stablecoins were created. . Now, remember that “stability” is a relative concept, but it implies certain mitigation of risk because of fewer and/or less drastic variations in price. They’re tokens pegged in a 1:1 ratio to another asset, generally considered more “stable” in price for the long-term To do this, the entity issuing these tokens (company or organization) offers reserves of 1:1 of the pegged asset (USD or gold, for instance), or their team prepares an algorithmic system to keep the price stable without reserves. The first type is the most popular, though. Tether (USDT) . It’s issued, backed, and fully controlled by Tether Limited, a brand owned by the Hong Kong-based company iFinex Inc., which also owns the Bitfinex cryptocurrency exchange. Unlike other cryptocurrencies, is considered fully centralized and can freeze and censor its operations. Its market capitalization is now over $83.5 billion. Released in 2014 and pegged 1:1 to USD, this is the as of 2023 most used stablecoin USDT USD Coin (USDC) It was released in September 2018 by Centre, a consortium led by Americans Circle and Coinbase. They’re known for their regulatory compliance, therefore, is fully centralized. By October 2023, it has a total market cap of $25.2 billion. It’s also pegged 1:1 to USD, using the Circle reserves. USDC Dai (DAI) is a decentralized stablecoin launched in December 2017 by MakerDAO, an autonomous organization (DAO) composed of the owners of its governance token, MKR. It operates on the Ethereum network, maintaining its value as close as possible to 1 USD through collateralized assets and smart contracts. , making it a popular choice in the DeFi ecosystem. Currently, it has a market cap of over $5.3 billion. DAI DAI's key feature is its decentralization compared to other stablecoins (it can’t be frozen or censored) More stablecoins Other popular USD-pegged stablecoins include TrueUSD (by TrustToken), Pax Dollar (by Paxos), Frax Finance (Decentralized), USDD (Decentralized), and Binance USD (by Binance). Nevertheless, they’re available on different platforms. We can mention Wrapped Bitcoin (WBTC –BTC-pegged), Pax Gold (PAXG – gold-pegged), Stasis Euro (EURS –Euro-pegged), and StraitsX Singapore Dollar (XSGD). Some of them have their issues, though. For instance, Binance is slowly support for its stablecoin. Less popular than USD-stablecoins are the ones pegged to other assets, such as EUR, gold, or even BTC. phasing out Multi-chain Wallets Decentralized crypto networks often offer complex full nodes or some light native app to store and handle your coins. However, if you want to handle several coins in one place, numerous companies and teams have developed apps to do so, with different degrees of control and security. We can mention some of them, without a particular order. Blockchain.com It supports a wide range of digital assets, but it doesn’t offer private keys. It’s a custodial wallet, where the funds are handled by the company through its website. They a DeFi non-custodial wallet, though. Meanwhile, their parent company is also widely known for its multi-chain blockchain explorer, the first one of its kind, available since 2011 —and previously blockchain.info. Released in 2012 by the homonymous company, this is a popular multi-chain hot wallet (online). also offer Exodus This is a non-custodial wallet released in 2015 by Daniel Castagnoli and JP Richardson. Unlike Blockchain.com, It offers numerous assets and private keys to its users, making it more decentralized. it’s an app for mobile, desktop, and hardware devices. Trezor Founded by Marek "Slush" Palatinus and Pavol Rusnák in 2013, this is a renowned hardware (cold) cryptocurrency wallet. Trezor supports various cryptocurrencies and features a user-friendly interface. It offers robust security by storing private keys offline, protecting users from hacking and theft. More wallets We can also mention the online options Freewallet and CoinPayments; non-custodial apps like Coinomi, TrustWallet, and imToken; and cold devices like Ledger, KeepKey, and SafePal. Foundations Many decentralized cryptocurrencies are led or supported by non-profit foundations worldwide. Bitcoin also had its foundation in the past, now dissolved . Other prominent crypto projects and networks have this kind of support as well. Usually, foundations keep a percentage of the native tokens of their networks for funding purposes. for several reasons Litecoin Foundation It was launched in 2011 by Charlie Lee, the creator of Litecoin ( ). Registered in Singapore as a non-profit, its mission is to promote Litecoin and its technology through education, development of new projects, and advocacy. LTC This one is likely the oldest crypto foundation worldwide that is still active. Ethereum Foundation Its mission is to promote and advance this technology by investing in several initiatives and programs like events and grants. They that the role of the foundation isn’t to “control or lead Ethereum,” only to support it. Established in 2014 by Ethereum's co-founders, Vitalik Buterin, Gavin Wood, and Joseph Lubin, this is a non-profit registered in Switzerland. have stated Obyte Foundation This is a non-profit registered in Liechtenstein and led by Alexander Lins, Lucas Martin Mair, and Anton Churymov (Obyte founder). to useful projects. One such way is . If projects apply for funding, the Obyte Foundation's Grants Committee will vote on whether to award it or not. legal entity Its purpose is to foster the development and adoption of the platform and distribute the undistributed bytes (Obyte’s native currency) through grants In the next part, we’ll keep going with important development companies, crypto portals, Metaverses, NFT brands, and a blacklist. 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The writer is smart, but don't just like, take their word for it. #DoYourOwnResearch before making any investment decisions or decisions regarding your health or security. (Do not regard any of this content as professional investment advice, or health advice)

This writer has a vested interest be it monetary, business, or otherwise, with 1 or more of the products or companies mentioned within.

Crypto for Beginners: Must-Know Brands and Names—Part 1

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