Binance Becomes Sixth Largest Unicorn in the World

Cryptocurrency exchange Binance, which is currently worth $45 billion, has become the sixth largest unicorn in the world, according to the semi-annual Global Unicorn Index 2022 report published by Hurun Research.

According to it, the crypto platform has climbed 15 positions. Six months ago, its market capitalization amounted to $15 billion.

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The first place is occupied by Douyin with a capitalization of $200 billion. The operator of the popular social network TikTok has lost $150 billion.

Elon Musk’s aerospace company SpaceX is in second place with a valuation of $125 billion.

In total, Hurun has identified 1,312 non-public companies with a valuation of more than $1 billion in 48 countries. Their combined value is $4.2 trillion.