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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

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 £8.9bn currently, has received £3.4bn of investment and the sector is growing at 22.3% per year.

1,216
COMPANIES CONSIDERED
£8.9bn
TOTAL TURNOVER
22,510
TOTAL EMPLOYEES
£3.4bn
TOTAL INVESTMENT FUNDING
£1.6m
TOTAL INNOVATE UK GRANT FUNDING
22.3%
AVERAGE COMPANY GROWTH 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
  • RTIC0061 Cryptocurrency Economy 1193 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

      314 companies
    • Cryptocurrency Economy: Investment

      Companies creating structures that enable guided investment in cryptocurrencies

      529 companies
    • Cryptocurrency Economy: Legal Services

      Companies specialised in the provision of legal advice and services to individuals/organisations involved in the cryptocurrency market

      133 companies
    • Cryptocurrency Economy: Mining

      Companies developing technology or providing digital spaces for crypto mining

      41 companies
    • Cryptocurrency Economy: Wallet

      Companies offering digital wallets that allow for cryptocurrency trading and storage

      680 companies

Cryptocurrency Economy industry growth

Based on a growth rate of 22.3%, we expect that this sector could be worth £10.2bn by 2024. Below you can see our forecast of the growth of the sector.

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Includes key insights on market size, investment, growth, location and much more. Data updated every month.

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At The Data City we use AI and real-time data to map emerging sectors and innovative companies.

Our company database of over 5 million active UK companies houses 400+ Real-Time Industrial Classifications (RTICs) built in partnership with leading experts.

Access market insights, sector trends, employee data, growth stats and investment information for the country’s fastest growing industries.

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