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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

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

  • Cryptocurrency Economy has turnover of £9.08bn, meaning it is our 38th largest RTIC, and our 9th 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.
991
COMPANIES CONSIDERED
£9,932,339,791
TOTAL TURNOVER
26,515
TOTAL EMPLOYEES
£2,574,860,000
TOTAL INVESTMENT FUNDING
£1,640,340
TOTAL INNOVATE UK GRANT FUNDING
4.1%
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 Platforms, 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 991 companies

    Companies offering products and/or services enabling or assisting with the transaction, investment or mining of blockchaing currencies or the application of non fungible tokens to other uses.

    • Cryptocurrency Economy: Blockchain

      Companies providing blockchain technology for cryptocurrency transactions

      239 companies
    • Cryptocurrency Economy: Investment Platforms

      Companies creating structures that enable guided investment in cryptocurrencies

      396 companies
    • Cryptocurrency Economy: Legal Services

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

      352 companies
    • Cryptocurrency Economy: Mining

      Companies developing technology or providing digital spaces for crypto mining

      131 companies
    • Cryptocurrency Economy: Wallet

      Companies offering digital wallets that allow for cryptocurrency trading and storage

      828 companies

Cryptocurrency Economy industry growth

We estimate that the UK Cryptocurrency Economy sector could be worth almost £11bn by 2027, based on the compound annual growth rate (CAGR) of 4.8%. 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.

Discover more RTICs and access our other free reports today.

Who we work with

Public Sector

National / local government, councils & LEPs

Finance

Venture Capital, Private Equity & M&A teams

B2B

Marketing & Lead Gen Agencies

Through this visual mapping project, Greater Manchester will be able to showcase our success in the digital sector.
Andy Burnham | MAYOR GREATER MANCHESTER
Working with The Data City has been a pleasure and particularly helpful for understanding newer and emerging businesses.
JOSHUA HAWKINS, LEAD OFFICER INTERNATIONAL | MIDLANDS ENGINE
If you care about technology driven economic growth, you should care about RTICs.
STIAN WESTLAKE | CEO ROYAL STATISTICAL SOCIETY