Fireblocks Records $100M+ Revenue In Subscriptions Amid Bear Market

A blockchain security service company in New York, Fireblocks, reported over $100 million in Annual Recurring Revenue (ARR) this year, showing the growing investor interest in the cryptocurrency ecosystem despite the bearish sentiments. Fireblocks has seen an excessive demand for blockchain, Web3, and decentralized financial (DeFi) technologies. There has been an overall shift in mentality associated with increased income despite the prolonged downturn. Investing in cryptocurrencies and exploring their potential uses is more attractive to investors and businesses than riding the wave of market volatility to make a quick profit. Michael Shaulov, co-founder and CEO of Fireblocks, shared information on the company’s expanding customers: “We’ve seen first-hand the innovation happening among fintech, Web3 start-ups, banks, and payment service providers who are diligently bringing new digital asset products to market.” Fireblocks Projected $100 Million Earnings Consumer brands, gaming businesses, and cryptocurrency start-ups have contributed to Fireblocks’ projected $100 million income in 2022. Fireblocks anticipates becoming a more powerful facilitator for companies offering secure crypto goods as cryptocurrency penetrates the world’s financial system. Fireblocks also mentioned partnering with leading companies in the sector, such as BNP Paribas, Six Digital Exchange, ANZ Bank, FIS, Checkout.com, MoonPay, Animoca Brands, and Wirex,...