London tops crypto hub rankings with 2nd highest number of crypto companies in the world

London, Dubai and New York rank as the top three crypto hubs, with over 800 crypto-based businesses operating in the UK’s most populous cities.

review top annual list crypto hub City for 2023 looks at key metrics such as tax status, quality of life metrics, and the total number of cryptocurrency companies and professionals in a given metro area when creating its rankings. We found that there are an estimated 2,173 people working in crypto-based jobs in London. It has the highest number of people working in the industry compared to other locations.

Top 20 Cities for Crypto Hub Innovation in 2023 (Source: Abstract)
Top 20 Cities for Crypto Hub Innovation in 2023 (Source: Abstract)

Dubai ranks second on the list. The emirate, home to industry giant Binance (and CZ itself), has adopted an open-regulation policy when it comes to regulating cryptocurrencies. The UAE discusses how blockchain innovation, exchanges, and OTC can anchor his thriving DeFi industry in the Gulf, home to many crypto entrepreneurs such as Singularity’s Marcello Mari. I was eager to explore what I could do.

Boasting significant investments in R&D and employing more than 1,400 people in crypto-related jobs, New York ranked third with the highest number of companies specializing in the sector with 843. rice field.

Neither Miami, home to the world’s largest cryptocurrency conferences and events, nor Pyongyang, which the FBI claims is home to the most successful cryptocurrency hacking team ever, are on the list.

Fourth on the list is Singapore, another hub for crypto taxation. The city has 25% crypto ownership, over 800 crypto companies and over 1,000 industry workers. Notably, Singapore does not impose capital gains tax on cryptocurrency investors.

Rounding out the top five is Los Angeles, where the report praises the development of a thriving crypto community, while Zug, in sixth place, is a Swiss state known as the “Valley of Crypto,” which has private equity firms like Dialectic. It is home to investment firms and home to Bitcoin and Ethereum. Not just foundations, but many other startups, NFT galleries, favorable tax laws. With 0% capital gains tax, Zug also offers residents the unique option of paying taxes in cryptocurrency. Furthermore, with a score of 212.78, it boasts the highest quality of life score among the cities analyzed.

Hong Kong, Paris, Vancouver and Bangkok round out the top 10 due to their low capital gains taxes, high concentration of crypto ATMs and large number of crypto industry professionals. Chicago, Berlin, Sapporo, Lagos, Lisbon, Kuwait, Tehran, Sydney, Osaka and Kuala Lumpur rounded out the top 20.

Top 20 Crypto Hubs, 2023 (Source Summary)
Top 20 Crypto Hubs, 2023 (Source Summary)

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