112 Pages Posted: 11 May 2017 Last revised: 20 Sep 2017
Date Written: April 6, 2017
The first global cryptocurrency benchmarking study presents a systematic and comprehensive picture of a rapidly evolving industry, illustrating how cryptocurrencies are being used, stored, transacted and mined. The study gathered non-public data from more than 100 cryptocurrency companies and over 30 individual cryptocurrency miners in 38 countries around the world via secure web-based questionnaires, capturing an estimated 75 per cent of the cryptocurrency industry. The study breaks down the cryptocurrency industry into four key sectors – exchanges, wallets, payments and mining. Key findings and highlights from the study include our estimate that over three million unique individuals are actively using cryptocurrency today, data on regulation and compliance practices and costs at firms, and a global map of cryptocurrency mining.
Keywords: cryptocurrency, bitcoin, blockchain, money, currency, alternative currency, remittances, Ethereum, Ripple, Litecoin, Dash, Monero
JEL Classification: E40, E41, E42, E49, E50, E51, E58, E59, F24, F31, G18, G28, O17, O33
Suggested Citation: Suggested Citation