Ranking crypto hubs worldwide with some level of accuracy and credibility is fraught with challenges. Here’s a look at how we came up with our CryptoHubs2023 ranking:
aims to quantify the level of grassroots, retail adoption of crypto in 172 countries via three metrics: 1) on-chain crypto currency value received; 2) on-chain retail value transferred; and 3) peer-to-peer exchange trading volume.Even a ranking of places to live and work in the tech industry must consider general factors such as quality of life, digital infrastructure and ease of doing business.
To obtain a holistic assessment of how the prospective crypto hubs rate in these areas, we relied on the which collects 160 indicators to evaluate the vibrancy and ubiquity of the digital economy and infrastructure in the majority of countries around the world.Since 2005, the World Bank has been scoring and ranking 190 countries by how conducive the regulatory environment is for starting and operating a local business. The 10 criteria for its
include getting a construction permit, registering property, getting credit, paying taxes, trading across borders, enforcing contracts and resolving insolvency.We wanted to gain a sense of the career and networking opportunities within each hub. So we leveraged data on jobs, companies and events with a focus on crypto in the region.
We took the feedback from a range of expert opinions and did our best to develop a weighting system we felt was appropriate.This category is the most important for determining the strength of a crypto hub. It reflects openness and interest from both government and the people and is an indicator of the current and future growth of the crypto ecosystem in the hub.
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