Real-Time Industrial Classifications

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

Key information you should know about the Cryptocurrency Economy sector from our AI-driven platform of over 5 million companies:

The Cryptocurrency Economy sector is one of the top 10 fastest growing recipients of Innovate UK grants.
Cryptocurrency Economy has turnover of £86.76bn, meaning it is our 15th largest RTIC, and our 55th fastest growing sector.
The Cryptocurrency Economy sector has not received additional investor attention in recent years and the amount of venture capital funding is not increasing as fast as our other emerging economy sectors.

1,265

COMPANIES CONSIDERED

£86.8bn

TOTAL TURNOVER

353,592

TOTAL EMPLOYEES

£6.9bn

TOTAL INVESTMENT FUNDING

£1.5m

TOTAL INNOVATE UK GRANT FUNDING

-5.0%

AVERAGE COMPANY GROWTH PER YEAR

Cryptocurrency Economy verticals

Our Cryptocurrency Economy RTIC is made up of 5 individual industry verticals, including verticals such as Blockchain, Investment, Legal Services. You can find out more about the verticals by buying a report, visualising the sector on our platform, or by downloading the data.

Sector Code Description Records
RTIC0061 Cryptocurrency Economy 1244 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: Blockchain
  Companies providing blockchain technology for cryptocurrency transactions
  
  318 companies
- Cryptocurrency Economy: Investment
  Companies creating structures that enable guided investment in cryptocurrencies
  
  928 companies
- Cryptocurrency Economy: Legal Services
  Companies specialised in the provision of legal advice and services to individuals/organisations involved in the cryptocurrency market
  
  148 companies
- Cryptocurrency Economy: Mining
  Companies developing technology or providing digital spaces for crypto mining
  
  162 companies
- Cryptocurrency Economy: Wallet
  Companies offering digital wallets that allow for cryptocurrency trading and storage
  
  840 companies

Cryptocurrency Economy industry growth

We estimate that the UK Cryptocurrency Economy sector could be worth approximately £67.1bn by 2027, based on the compound annual growth rate (CAGR) of -5%. Below you can see the five year turnover forecast for the RTIC from 2023 to 2027.

Get your free Cryptocurrency Economy report

Dig deeper into the UK’s Cryptocurrency Economy with our free 2023 RTIC report, which includes:

– Summary of RTIC data & industry performance
– Overview of key verticals
– Geographic analysis & breakdown
– Key insights & trends

Our innovative data

Real-Time Industrial Classifications (RTICs)

At The Data City we’re mapping the emerging economy through accurate and reliable real-time data. We’ve produced Real-Time Industrial Classifications (RTICs) for some of the UK’s fastest growing sectors, across over 350 industry verticals, including the Cryptocurrency Economy.

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