OVER THE PAST 4 MONTHS, ANOTHER 100 BLOCKCHAIN STARTUPS HAVE BEEN LAUNCHED IN THE SWISS CRYPTO VALLEY

A report published by venture company CV VC reports a 20% (from 629 to 750) increase in the number of startups in the Swiss “CRYPTO VALLEYS” in the final quarter of the last year, but amid a general decline in the market, the capitalization of startups fell:

“The capitalization of the 50 largest “CRYPTO VALLEYS” companies fell from $44 billion to $20 billion in the fourth quarter of 2018. In the same period, however, the number of registered companies increased dramatically (from 629 to 750). There are 4 unicorn companies among them. ”

Managing Director of Venture Company CV VC Mathias Ruch noted that this statistic reflects the “ongoing market correction”, and also shows that startups have survived in “crypto winter.”

Now, there are 480 people working in the 50 largest startups in the region, when there are 3,300 employees in the entire sector. PwC Strategy Head Daniel Diemers noted:

“The dynamics in the midst of crypto winters are very positive. This shows that Switzerland is attractive for blockchain startups. ”

Recall that on the threshold of the Christmas holidays, the Swiss government announced a transition to a new control strategy for the blockchain industry in an official report, where the blockchain is called one of the most important technologies in the financial sector and an important mechanism to stimulate the economy.

 

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