Swiss Crypto valley has 750 companies.

[Paha87]

A new study shows that the number of companies working with cryptocurrencies and related technologies in the Swiss valley of Zug has expanded despite the "winter" in the crypto market.

4 unicorn companies from Crypto valley

The fall in digital asset prices in recent months has affected large crypto and blockchain companies with offices in Switzerland and Liechtenstein. According to a report prepared in Zug by crypto Valley Venture Capital (CVVC), PwC, Strategy & and the Swiss consulting company Inacta, In the first four of the rating in the first quarter of 2018, their value decreased from 44 to 20 billion dollars.

However, the number of enterprises operating in the crypto - sphere, which have consolidated their presence in the region, increased by about 20% - from 629 to 750. This means that more than 120 new crypto companies were registered in the fourth quarter of 2018. The world's most recognizable names in the industry, four of which are unicorn startups, worth billions of dollars.

The study estimated that the top 50 companies are valued at an average of $ 400 million each. If the five largest companies are excluded from the equation, the average is still $ 365 million, indicating a low concentration of small capitalization companies. The study shows that there are four objects worth more than $ 1 billion - Bitmain, Cardano, Dfinity and Ethereum. At the same time, the average valuation of all 750 companies was estimated at $ 27 million.

3 ' 300 employees

The 50 largest companies in their offices in Switzerland and Liechtenstein employ about 480 people, and the sector employs more than 3'300 people. These and other figures in the report indicate that the current situation is "normal for many" for many companies, despite the drop in the market value of most cryptocurrencies.

The researchers also found that the Crypto valley is expanding geographically. While more than half of the companies (51%) are based in Zug, other Swiss cantons are now home to the rest of the industry's startups. According to the data collected, 42 of these enterprises are registered in Geneva and 39 in Ticino. Liechtenstein is another hot spot with 38 companies from this sector. CVVC supports online map, which shows the crypto startups.

A comparison with the data of the third quarter of 2018 shows that 15 companies entered the top 50 in the last three months of the previous year. This 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 for getting into this list in the future.

Switzerland and Liechtenstein, as well as Malta, Gibraltar, Estonia and the Isle of man, are part of the group of European jurisdictions that are making efforts to create a crypto-secure business environment. The expansion of the Swiss Crypto-valley was facilitated by the country's decentralized political system and strong traditions of financial confidentiality. Last month, the Bern government also adopted a comprehensive strategy for the development of the crypto sector.

LINK - https://altstake.io/news/shveycarskaya-kripto-dolina-naschityvaet-750-kompaniy