Defying Crypto Winter, Swiss Crypto Valley Grows to 750 Companies

Defying Crypto Winter, Swiss Crypto Valley Grows to 750 Companies
фото показано с : news.bitcoin.com

2019-1-27 11:00

A new survey shows that the cluster of companies working with cryptocurrencies and related technologies in the Swiss Crypto Valley has expanded, despite the onset of what has been dubbed as “crypto winter.” The valley now covers a larger territory in the Alpine confederation and has spilled over into neighboring Liechtenstein.  

Also read: Xapo Transfers Key Operations to Switzerland

4 Unicorns With Presence in the Crypto Valley

The falling prices of digital assets in the past months have affected major crypto and blockchain companies with offices in Switzerland and Liechtenstein. The top 50 saw their valuation drop from $44 billion to $20 billion in the fourth quarter of 2018, according to a report produced by Zug-based investment company Crypto Valley Venture Capital (CVVC), PwC, Strategy&, and the Swiss IT consulting firm Inacta.

However, the number of businesses operating in the crypto space that have established presence in the region has increased by around 20 percent – from 629 to 750. That means over 120 new crypto entities have registered there in Q4 2018. The total includes some of the world’s most recognizable names in the industry, four of which are unicorn startups worth billions of dollars.

The authors of the study have estimated that the top 50 companies are valued at $400 million each, on average. When the five largest are taken out of the equation, the average figure is still $365 million, which indicates a low concentration. The research shows that there are four entities valued at over $1 billion – Bitmain, Cardano, Dfinity, and Ethereum. At the same time, the average valuation of all 750 companies has been estimated at $27 million.

Visualized market capitalization, Crypto Valley‘s top 50. 3,300 People Employed in the Crypto Cluster

The 50 largest companies have around 480 people working in their offices in Switzerland and Liechtenstein, while the whole sector employs over 3,300 people. These and other numbers in the report indicate that the current situation is ‘business as usual’ for many entities, despite the drop in the market value of most cryptocurrencies.

The researchers have also found that the Crypto Valley is expanding geographically. While over half of the companies (51 percent) are based in Zug, other Swiss cantons are now home to the rest. According to the compiled data, 42 of these businesses are registered in Geneva and 39 in Ticino. Liechtenstein is another hotspot with 38 companies from the sector. CVVC maintains an online map that shows where the crypto startups are located.

Companies registered in the Crypto Valley by canton, including Liechtenstein.

A comparison with the numbers from the third quarter of 2018 shows that 15 companies have joined the top 50 during the last three months of the previous year. These are 4 Artechnologies, Boscoin, Hdac, Icon, Mt. Pelerin, Odem, Quant Network, Saga, Santiment, Sygnum, Token Pay Swiss, Nexo, WPP Energy, Utopiamusic, and Zulu Republic. Another 10 startups are candidates to do so in the future.

Switzerland and Liechtenstein, along with Malta, Gibraltar, Estonia, and the Isle of Man, are part of a group of European jurisdictions making efforts to create a crypto-friendly business environment. The expansion of the Swiss Crypto Valley has been facilitated by the country’s decentralized political system and strong traditions in providing financial privacy. Last month, the government in Bern adopted a comprehensive strategy for the development of the crypto sector.

Do you think the Swiss Crypto Valley has become the leading global hub for the crypto industry? Tell us in the comments section below.

Images courtesy of Shutterstock, CVVC.

At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.

The post Defying Crypto Winter, Swiss Crypto Valley Grows to 750 Companies appeared first on Bitcoin News.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Emerald Crypto (EMD) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 4.67 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0033227 (-100%)

crypto valley swiss companies winter defying 750

crypto valley → Результатов: 126


It’s Not You, It’s Crypto: Execs Leave Silicon Valley To Join Crypto Startups

A few years ago it was an executives’ dream to work at Google, Amazon, Apple, and the other Big Tech firms of Silicon Valley, but now that dream has evolved into crypto startups. Whether it is to join a blockchain-related company or start a new one, high-paying executives and engineers are leaving the valley of big salaries and CEOs at an accelerating rate.

2021-12-24 02:59


Фото:

Dubai Launching Crypto Valley in Tax-Free Zone – No Personal or Corporate Income Tax

A Dubai government authority has announced that it is launching a crypto valley in the country’s free zone where there is no personal or corporate income tax. With the help of its partners from the Swiss crypto valley, Dubai will offer a variety of services such as incubation for startups, coworking facilities, blockchain training, education, […] The post Dubai Launching Crypto Valley in Tax-Free Zone – No Personal or Corporate Income Tax appeared first on Bitcoin News.

2020-1-27 19:30


Фото:

Companies Keep Flocking to Swiss Crypto Valley, Over 1,000 Jobs Added in a Year

Crypto Valley, a fintech-friendly region centered on the canton of Zug, has been expanding to other parts of Switzerland and neighboring Liechtenstein. Despite all the challenges facing the blockchain industry, favorable regulations and improving access to banking and legal services are attracting more and more crypto companies.

2020-1-26 02:00


Швейцарская Crypto Valley выросла до 750 компаний вопреки криптозиме

Последнее исследование показало, что число компаний, работающих с криптовалютами и связанными с ними технологиями в швейцарской Crypto Valley, расширился, несмотря на длительный период падения цен, названый «крипто-зимой».

2019-1-27 14:15


Количество блокчейн-компаний в Швейцарии и Лихтенштейне за последний год выросло на 20%

За 2018 год число компаний, работающих с криптовалютами и технологией распределенного реестра в Швейцарии и Лихтенштейне, достигло 750. Согласно отчету швейцарского инвестиционного консорциума Crypto Valley Venture Capital, это на 121 фирму или 20% больше чем в 2017 году.

2019-1-25 15:14


Фото:

В Швейцарии количество блокчейн-компаний выросло на 20%

Количество блокчейн-компаний в Швейцарии и Лихтенштейне за прошлый год увеличилось на 20%. Об этом говорится в отчете швейцарский инвестиционный консорциум Crypto Valley Venture Capital (CV VC).

2019-1-25 14:27


Блокчейн-индустрия Швейцарии и Лихтенштейна за 2018 год выросла на 20%

Количество блокчейн-компаний в Швейцарии и Лихтенштейне за 2018 год увеличилось на 20%. Такие данные приводит в отчете швейцарский инвестиционный консорциум Crypto Valley Venture Capital (CV VC). На конец декабря 2018 года 750 компаний, которые работают в блокчейн индустрии, базировались в этих альпийских странах.

2019-1-25 13:09


Фото:

Bitcoin’s Liquid Sidechain is Being Adopted by Swiss Finance Industry

Swiss IT consulting firm Inacta AG has become an official partner of Blockstream’s Liquid Sidechain for Bitcoin, the company confirmed December 17. Tokengate Meets Liquid Sidechain Inacta, one of many Blockchain-focused companies headquartered in Switzerland’s Crypto Valley in the town of Zug, also became the first token platform operator to support Liquid tokens.

2018-12-18 19:00


Dec 14th Crypto News Recap Part 2: Coinbase, EU Sandbox, Cryptojacking, BBVA Bank, Crypto Valley [VIDEO]

Bitcoin (BTC) Price Finds New 2018 Low at $3,180 USD as Investors Seek for the Bottom's Bottom Bitcoin (BTC) Price Finds New 2018 Low at $3,180 USD as Investors Seek for the Bottom's Bottom Coinbase Crypto Exchange Launches the Single Sign On (SSO) via Consensus Coinbase Crypto Exchange Launches the Single Sign On (SSO) via […]

2018-12-15 09:31


Фото:

Crypto Valley вручит $100 000 лучшему блокчейн-стартапу

Швейцарская компания CV VC запустила конкурс CV Competition на лучший блокчейн-стартап в области недвижимости. Победитель получит $100 000, место для работы в коворгинке CV Labs [город Цуг] и экспертную поддержку.

2018-12-14 14:11


Швейцарская Crypto Valley выделит $100 000 призовых для лучшего блокчейн-проекта в сфере недвижимости

Базирующаяся в Швейцарии компания CV VC запустила конкурс CV Competition на лучший блокчейн-стартап в области недвижимости. Победитель получит призовой фонд в размере $100 тысяч, место для работы в коворгинке CV Labs [город Цуг] и экспертную поддержку.

2018-12-14 13:48


Члены совета директоров швейцарской Crypto Valley Association уходят из организации

Четыре из семи членов совета директоров швейцарской независимой организации Crypto Valley Association (CVA) планируют покинуть свои должности. Об этом пишет Bitcoin. com. Оливер Буссман, Василий Суворов, Рене Хюсслер и Николас Шобенгер отказались от участия в запланированных на январь выборах в совет директоров.

2018-12-4 18:46


Фото:

Bitfury Acquires Minority Stake in Final Frontier, Aims To Expand Services

The Bitfury Group has acquired a minority stake in blockchain services firm Final Frontier. Both organizations are looking to utilize each other’s knowledge and experience in the traditional and digital finance spaces to potentially release a new line of financial products and services designed to assist professional investors in getting their hands on digital assets.

2018-11-14 00:53