Lisbon Leads the Way as the World's Premier Crypto Hub, Outranking New York and Berlin: Report
Portuguese capital takes the top spot among the world's most important crypto hubs - ahead of New York, Berlin, and Paris, according to a report by European crypto investment firm Greenfield.
The company argued that, while there are multiple reports on global crypto development, regional reports are still scarce.
Therefore, Greenfield conducted a survey from January 31 to March 20 this year, seeking assessments from 68 founders of projects with a deep European footprint
The report found that,
"Lisbon is crowned the Capital of Crypto Europe – and beyond."
When asked to name three most relevant crypto hubs, the surveyed funders chose Lisbon as number one, followed by New York City and Berlin sharing second place with 35% each.
Europe has three metropolises in the top 10, with Paris taking seventh place.
Singapore, taking fourth place, is the only Asian hub in the top 10.
In the US, Silicon Valley, Miami, and Denver also ranked highly.
In another question, the founders were allowed only one nomination for the most important European crypto hub.
Lisbon won with 35% of the votes, followed by Berlin (30%), and Paris (20%).
London (5%) joined the top 5 list.
Notably, however, 20% of the respondents were skeptical about the crypto hub concept. These were placed in the 'none/decentralized' category.
One founder said that,
"Crypto is distributed all over the globe. There are maybe ~15-25 places that are big, each with slightly different focus/strengths."
Many respondents assigned different focuses and advantages to different hubs.
So, for example, Lisbon has a strong decentralized finance (DeFi) scene, and it's attractive to companies for tax reasons, the report said. There is a 'crypto brain drain' both in Europe and the US, and
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