UK Cryptocurrency Market
We’ve mapped the UK’s Cryptocurrency Industry using our Real-Time Industrial Classifications (RTICs). Find out more about the investment and blockchain companies contributing to the UK’s crypto sector through our innovative financial, company, funding, and growth data.
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What is Cryptocurrency?
You’ve probably heard of Cryptocurrency, but what actually is it? Cryptocurrency (or Crypto) put simply is used to describe any form of digital or virtual currency that uses cryptography to secure transactions, making it nearly impossible to counterfeit.
Instead of relying on banks, Cryptocurrency uses a peer-to-peer system that enables anyone across the world to send or receive payments, with transactions recorded in a public ledger or blockchain.
The first and most popular Cryptocurrency, Bitcoin was founded in 2009, leading to a boom in other currencies, including Ethereum, Tether and even Dogecoin.
Cryptocurrency Economy sector summary
Discover real-time data and insights sourced directly from The Data City platform, driven by our innovative Real-Time Industrial Classifications (RTICs). Our RTICs harness the power of web data and machine learning, and are published with industry experts for precision and relevance.
Here are the key facts about the Cryptocurrency Economy sector. The sector has a turnover of £13.0bn currently, has received £3.5bn of investment and the sector is growing at 28.0% per year.
Cryptocurrency Economy verticals
Our industry data goes deep. See the top verticals and specialisms making waves in the UK Cryptocurrency industry today.
Our Cryptocurrency Economy RTIC is made up of 5 individual verticals. The top verticals in this sector include Wallet, and Investment. You can find out more about the verticals by downloading our RTIC report, or by signing up for a free trial of The Data City platform.
- Sector Code Description Records
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RTIC0061 Cryptocurrency Economy 1166 companies
Companies offering products and/or services enabling or assisting with the transaction, investment or mining of blockchain currencies or the application of non fungible tokens to other uses.
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Cryptocurrency Economy: Blockchain307 companies
Companies providing blockchain technology for cryptocurrency transactions
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Cryptocurrency Economy: Investment515 companies
Companies creating structures that enable guided investment in cryptocurrencies
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Cryptocurrency Economy: Legal Services134 companies
Companies specialised in the provision of legal advice and services to individuals/organisations involved in the cryptocurrency market
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Cryptocurrency Economy: Mining39 companies
Companies developing technology or providing digital spaces for crypto mining
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Cryptocurrency Economy: Wallet664 companies
Companies offering digital wallets that allow for cryptocurrency trading and storage
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Cryptocurrency Economy industry growth
Based on a growth rate of 28.0%, we expect that this sector could be worth £17.2bn by 2026. Below you can see our forecast of the growth of the sector.
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