In the first half of 2024, the share of cryptocurrency startups launched in Africa and Asia grew to the highest level in history.
Coglacno Dann, published by the Accelerator Blockchain-Catalog Alliance, is the most popular open source crypto-currency platform for Europe, the USA and Canada. 1.4% of the first half of the year is a new company. Asia's largest market share is 26.8%.
Africa also saw an increase in the number of start-ups to 5.2%, which is slightly lower than in Latin America. While in Oceania, which mainly includes Australia and New Zealand, only 1.8% of the total was created in the first half.
The head of the Alliance, Qiao Wang, linked the published indicators to the uncertainty in crypto regulation in the US, due to which companies are leaving for developing markets. For example, regulatory difficulties forced crypto service providers Phoenix Wallet and Wasabi Wallet to leave the US market this spring.
It is interesting that, according to the Alliance, about 39% of startups were launched by a single founder, while the co-founders of 51% of new companies were a team of 2-5 people.
The number of startups founded by large technology companies has decreased by about 15% compared to 2021. The number of well-known universities launching their own companies has decreased by almost the same amount.
