If you're wondering what the global state of the ICO market
looks like, then take a look below. We've listed the values of ICOs in Europe and the US.
As expected, the North American blockchain and crypto industries are bringing in the largest amount of investment dollars sitting at $1.2 billion in 2017. Europe, on the other hand, was a little lower with its total sitting at just over $630 million – with Switzerland being responsible for a staggering 58% of the European market's ICO funding.
The United Kingdom had raised just $71 million in ICO funding over the last 5 years, which is largely down to higher tax rates and difficult government frameworks driving potential investors away from the UK and into Switzerland.
The majority of the data shows that almost all ICOs are being operated by fintech companies and other financial services companies. This isn't particularly a surprise, however, as these companies are based in finance, it means that they are at the forefront of crypto knowledge
and understand the massive potential that the blockchain and ICO field has.
Other major players in the ICO field are gaming companies, artificial intelligence companies and of course, Big Data.
If you'd like some extra information on ICOs and crypto you should feel free to reach out to our legal team to learn more. You'll have all relevant information provided to you and you'll understand the Swiss ICO landscape far more.