Coinbase, Ripple fall out of LinkedIn's top 10 US startups list

Cryptocurrency exchange Coinbase and payments firm behind XRP cryptocurrency, Ripple, are no longer in the LinkedIn's top 10 US startups list for 2019.

The networking platform published the list on Wednesday, ranking Coinbase at 29 and Ripple at 28. Last year, the former was ranked 3rd and the latter 7th.

LinkedIn ranks U.S. firms' popularity by analyzing their performance across four categories: employee growth; jobseeker interest; member engagement with the company and its employees.

Eligibility criteria, to be included in the list, are that a company must be seven years old or younger, have at least 50 employees, be privately held and headquartered in the U.S., the platform added.

Both Coinbase and Ripple, being founded in 2012, won't have another chance to appear on the list as they will be older than seven years then.

Topping this year's list is Snowflake Computing, a cloud-based data-warehousing startup. Crypto-friendly investment app provider Robinhood also remains in the list at number 7, although one position below from the last year's rankings.

Fintech startup Plaid, which has crypto clients including Coinbase and wallet provider Abra, also debuted the list this year, ranking at 49. Plaid helps users to connect their bank accounts to an app, and has raised $310 million in venture capital funding to date.