Fireblocks Annual Revenue Hits $100M

Reading Time: < 1 minute

Crypto company Fireblocks has announced it has reached $100 million in annual revenues.

The company has said in a statement:

“The explosive growth of Fireblocks, based on a vision that allows every company to easily and securely hold digital assets and cryptocurrencies, is in line with the huge interest in decentralized finance, blockchain and Web3 technologies from the world’s largest banks, consumer brands, gaming projects, fintech firms and start-ups.”

Michael Shaulov, co-founder and CEO of the company, has said that 2022 was the time for the consolidation of the crypto industry. He has added:

“We have seen an unprecedented volume of new market entrants, including fintech companies, Web3 startups, banks and liquidity providers.”