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CentralNic races past another domain name milestone

CentralNic is king of the castle in the new generic top level domain names market
CentralNic races past another domain name milestone
CentralNic has the largest slice of the new gTLDs pie

CentralNic (LON:CNIC) has become the first wholesaler to rack up the sale of 3mln web site names using the new top level domains (TLDs).

The organisation that oversees the infrastructure of the internet, the Internet Corporation for Assigned Names and Numbers (ICANN), has in recent years been widening the number of generic TLDs – the part of a web address after the final dot – beyond old favourites such as .com, .net and .biz, and this has provided a great commercial opportunity for “back-end” domain registry service providers such as CentralNic.

According to the domain industry statistics web site ntldstats.com, having previously been the first company globally to achieve two million new TLD registrations in November 2015, the company has breezed past another milestone, logging another million registrations in the last three months or so.

The news cements CentralNic's position as top gun in the new gTLDs battle, with 3,043,821 domains registered using CentralNic's registry platform, as at 15 February, representing 23.94% of all new gTLDs registered worldwide.

CentralNic hailed the popularity of .site, which has become the 19th most subscribed new gTLD, which means CentralNic is now the exclusive wholesaler for five of the top 20 gTLDs, namely .xyz, .online, .website, .space and .site, out of the 903 new gTLDs launched to date.

The .xyz domain continues to rank as the most subscribed new gTLD, with registrations doubling since August 2015, when Google announced that it had selected https://abc.xyz/ as the official web address for its new parent company, Alphabet.

CentralNic's chief executive officer Ben Crawford was understandably chuffed with the rapid take-up of new TLDs.

“It took only three months since November for CentralNic to grow its total number of new TLD registrations by another 50% to three million, reflecting both the exponential demand for new TLDs and the superior quality of the company's domain name portfolio,” he said.

“CentralNic will continue to promote its existing new gTLD domain names, as well as actively accepting new quality domain names onto our platform, to retain our position as a global leader in new top level domains."

Shares in CentralNic has risen by more than a quarter in the last year in a market that has fallen by one sixth.

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