coinbase, ripple
Crypto startups Coinbase and Ripple have dropped from top-10 positions to No. 28 and No. 29, respectively, on LinkedIn’s 2019 top 50 startups list. | Source: Shutterstock; Edited by CCN

Despite being a relatively new sector, the blockchain and cryptocurrency space can this year boast of having two crypto startups, Coinbase and Ripple, in the LinkedIn’s 50 hottest U.S. startups of 2019 to work for. In the professional social network’s third annual Top Startups ranking, blockchain payment network Ripple has clinched position 28 while cryptocurrency exchange Coinbase is at position 29.

While featuring in a list that included startups such as food delivery app DoorDash, scooter firm Bird and Robinhood was no doubt an achievement, Ripple and Coinbase fared worse this year compared to 2018. Last year, both were ranked among the top-10 hottest startups to work for.

Coinbase
Ripple and Coinbase are ranked in positions 28 and 29, respectively | Source: LinkedIn Screenshot

No other pure-play cryptocurrency or blockchain technology startup was featured in the list. Stock trading app Robinhood was ranked seventh. And while it offers users the ability to buy or sell certain cryptocurrencies, it is more of a traditional financial services firm than a crypto startup.

Crypto Markets up, rankings down!

Last year, Coinbase was the third hottest startup to work for while Ripple was ranked seventh. This is a paradox of sorts as it suggests that in 2018 when conditions were bearish in the crypto market, Coinbase and Ripple were viewed more favorably compared to 2019 when there has been a market recovery.

In the inaugural top 50 U.S. startups list in 2017, both Coinbase and Ripple did not feature.

No chance of redemption for Coinbase and Ripple

Unfortunately, the two cryptocurrency firms will not have any other chance to make improvements aimed at becoming more attractive destinations for job seekers. Having both been founded in 2012, they will be too old in 2020 to be included among the contenders.

Conditions for eligibility included being not having been operational for more than seven years. The eligible firms were also required to have a minimum of 50 employees, be headquartered in the U.S., and be privately held.

The factors that were considered in the rankings included job seeker interest in the eligible startups, employee growth, employee engagement, and its ability to recruit from leading employers on the professional social network.

You May Also Like

Ethereum’s Vitalik Buterin to Sign ‘Free Virgil Griffith’ Petition Following FBI Arrest

Ethereum co-founder Vitalik Buterin is signing a petition to free estranged Virgil Griffith who was arrested by the FBI on thanksgiving.

Analyst Explains Why Bitcoin Price Could Plummet to $2,020 in 2020

An analyst says bitcoin could crash to $2,000 to $3,000 range as…

VeChain (VET) Jumps a Whooping 26%, Thanks to an Iconic Retro Game Remake

Contrary to the rest of the crypto market VeChain (VET) is up 26% today and showing no signs of slowing down, but what’s driving the token?

Holders of Over 11 Million Bitcoin are Proving That Hodl Is Not Just a Meme

HODL is such a popular trading strategy in the crypto community that…

Elon Musk’s Inspiration for the Lame Cybertruck Was a James Bond Movie

The Tesla Cybertruck may have been inspired by some cool vehicles, but that doesn’t mean truck-owners will get on board with the design.

New Trump Tariffs Could Send Beer Prices Soaring

Another round of surprise Trump tariffs are the president’s remedy for weaker foreign currencies, but it could be bitter news for beer prices.