Blockchain Companies in Switzerland and Liechtenstein Keeps Growing Amid Bear Market

    Although the cryptocurrency market has been in a bear trend, blockchain firms in Switzerland and Liechtenstein continue to grow. This is according to a survey conducted by the cryptocurrency investment firm CV VC.

    The survey shows that the bear market in the crypto and blockchain space did not affect the number of blockchain companies opening in Switzerland and Liechtenstein. CV VC informs that back in December 2018, there were 750 blockchain companies using blockchain technology in Switzerland and Liechtenstein.

    That means that during 2018, there was an increase of 20 percent in the number of companies working with distributed ledger technology in these two countries. This 20 percent increase represents 121 new companies in the space.

    There are four companies valued at over $1 billion including Bitmain, Cardano, Dfinity Foundation and Ethereum. According to this survey, the bear market has affected the companies located in Switzerland and Liechtenstein. Their market cap moved from $44 billion down to $20 billion.

    The top 50 companies that the study surveyed are currently employing 480 individuals in the region. Most of these firms are located in Zug and Zurich. In general, Switzerland and Liechtenstein have been supporting companies in the crypto space to settle their operations in their countries. They’ve created very clear legal frameworks and are still working on that issue.

    Just a few days ago, Xapo announced that is opening a new office in Switzerland after having difficulties to properly settle itself and grow in Hong Kong. According to Xapo president, Ted Rogers, Swiss regulators are smart, interested and sophisticated in dealing with the financial markets.

    Malta is also a country that is trying to welcome new companies to its territory. These countries are creating clear legal frameworks for firms to settle their operations in these jurisdictions.

    Get Free Email Updates!

    *Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

    I will never give away, trade or sell your email address. You can unsubscribe at any time.

    Bitcoin Exchange Guide News Team
    B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


    Please enter your comment!
    Please enter your name here


    Live Bitcoin Price & Latest BTC Charts

    Today's Latest Crypto News

    Bitwise Plans To Target Retail Investors With Its Crypto Index Fund

    Bitwise has revealed that plans are underway to allow the retail market to participate in its large-cap index service. According to CoinDesk, Bitwise is working...

    Binance's Educational Platform Opens Up Government Approved Office in Shanghai

    Binance, one of the most popular crypto exchanges in the crypto-verse which also has many subsidiaries including Binance Academy (a blockchain and crypto-centred educational...

    XRP Trying to Retrace Months of Underperformance But Remains in a “Corrective” Structure

    XRP is up 12.5% but could still jump another 23%, A clean break above $0.21 would be “very bullish” Ripple granted an exemption...

    23k BTC on CME Futures and 50k BTC in Options Expiring Today

    Bitcoin is currently down 0.05% in the past 24 hours trading around $6,640 after hitting $6,872 last night, yet again rejected at $7,000 level....

    Microsoft Files Patent To Mine Cryptocurrencies With Verified Body Activity Data

    Giant software manufacturer, Microsoft is seeking to capitalize on the new crypto hype. The firm is seeking to introduce its own cryptocurrency that will...

    BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.