Global cryptocurrency benchmarking study 2020

This Global Cryptocurrency Benchmarking Study is our inaugural research focused on alternative payment systems and digital assets. Led by Dr Garrick Hileman. Read the Cambridge Centre for Alternative Finance's 2nd Global Cryptoasset Benchmarking Study, an empirical analysis of the cryptoasset industry.

Third global cryptoasset global cryptocurrency benchmarking study 2020 study is launched A report from the Cambridge Centre for Alternative Finance highlights greater regulatory compliance by cryptoasset service providers. This results both from enhanced compliance, but also an overall reduction in the number of firms exclusively supporting cryptoassets.

About 30 per cent of firms that only offered cryptoassets in now support fiat currencies. Despite global cryptocurrency benchmarking study 2020 regulatory steps forward, the study identifies that disparities exist between geographies and that other pressing challenges global cryptocurrency benchmarking study 2020 attention.

Most notably, a thin majority of service providers 54 per cent report please click for source insured.

Although some service providers have claimed being self-insured by allocating funds to cover specific insurable events, here insurance plans click yet to be developed for cryptoasset markets.

The new study, which has been supported by Invesco, also finds that although financial engineering in the mining industry has received significant press, only a minority of miners are experimenting with sophisticated financial products.

Third global cryptoasset benchmarking study is launched

Geographic distribution reveals that North American mining actors are twice as likely to use hashrate derivatives to hedge their risks than APAC actors. Factors, such as availability of these financial products, regulatory clarity, and financial literacy, may explain these regional discrepancies.

Other key findings of the report global cryptocurrency benchmarking study 2020 The growth in FTE global cryptocurrency benchmarking study 2020 time equivalent employment that followed the market frenzy has slowed considerably, with respondents across all market segments reporting a year-on-year growth of 21 per cent indown from 57 per cent in However, not all firms global cryptocurrency benchmarking study 2020 equal; individual firm employment gtx 1060 mining shows that a notable proportion of companies 26 per cent have sustained an annualised growth in employment level above 10 per cent over a global cryptocurrency benchmarking study 2020 period.

On average 39 per cent of proof-of-work mining is powered by renewable energy, primarily hydroelectric energy.

Globally, electricity price paid by global cryptocurrency benchmarking study 2020 averages USD 0. Service providers operationally headquartered in North America and Europe indicate that business and institutional clients make up 30 per cent of their customers.

Firms that have undergone an independent audit are most likely to be operating out of Europe or APAC.

Aligned with findings, new survey data shows that off-chain transactions, both in terms of volumes and numbers, continue to be dominated by fiat-cryptoasset trades and vice-versameaning that users primarily interact with service providers, such as exchanges, to enter and leave the cryptoasset market.

Cambridge Judge Business School is in the business of transformation - global cryptocurrency benchmarking study 2020 individuals, of organisations and society.

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