US tops Coin Journal’s list of most successful crypto countries

USA takes the lead list of coin journals Scoring 9.94 out of 10, it is recognized as one of the most desirable crypto nations, with 1,992 crypto-related companies employing 5,691 people and worth $46.95 billion.

The next most successful country, the United Kingdom, has a crypto industry worth an estimated $8.16 billion, with 817 crypto-centric businesses employing 617 people.

Germany comes in third, followed by France and Vietnam, which together contain $17 billion worth of blockchain fintech startups and businesses.

Combined with the UK, the remaining top five companies were worth less than half of the US crypto startups.

In cryptocurrencies, there is money talk and the industry tends to gravitate to areas where capital can be put to work.

Over the past few years, other countries have sporadically entered various top five lists. For example, Switzerland, home to the famous Crypto Valley canton of Zug. The United Arab Emirates, home to Binance and the famous CZ itself, and Estonia, once called Europes Digital Capital.

Not just lists, but other lists like Chainalysis annual crypto city ranking, People are debating whether other factors such as quality of life and cost of living should be factored into the ranking methodology, which tends to spark heated debates online.

According to Coin Journal’s initial report, multiple factors went into its methodology. They included the number of cryptocurrency holders by country, investment firms, crypto startups, and estimated average profits from crypto by country.

while other reports such as broader reports Geography of the Cryptocurrency Report, Published annually by Chainalysis broader issues such as the macroeconomic environment, policy and regulatory conditions are included in making recommendations.

Money obviously plays a key role in determining the success of the crypto environment, but it is not always obvious. whole photograph. Moreover, the cryptocurrency industry itself is also subject to near-constant change, getting faster every year, not to mention the whack-a-mole by regulators. coin journal Report Continues to be a risk-off destination for crypto capital.