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 <a href="https://www.cryptoknowmics.com/news/is-it-time-to-start-owning-your-own-blockchain-nodes/" target="_blank" rel="noopener">blockchain</a>, 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:
<blockquote><em>"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."</em></blockquote>
<h2>Fireblocks Projected $100 Million Earnings</h2>
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, <a href="https://www.animocabrands.com/" target="_blank" rel="nofollow noopener">Animoca Brands</a>, and Wirex, in its statement.
<h2>Discussion About Company's Future</h2>
Idan Ofrat, CTO of Fireblocks, talked about the company's future and reaffirmed the company's commitment to providing solutions for new players and use cases, including stablecoin issuance, NFT treasury management, and crypto payments.

According to internal records, the bull market for cryptocurrencies led to a 1000% increase in income for the crypto exchange <a href="https://www.cryptoknowmics.com/news/avalanche-native-token-avax-listed-on-ftx-japan/" target="_blank" rel="noopener">FTX</a> in 2021. However, the following bear market and regulatory challenges are anticipated to reduce the excellent income figures across the crypto sector.

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

A blockchain security service company, Fireblocks, reported over $100 million in Annual Recurring Revenue this year showing growing investor interest.

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

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