Switzerland is one of the leading places in the world with the best environment for crypto businesses. This is because cryptocurrencies are legal in Switzerland and there are basically no regulations affecting the trading and use of cryptocurrencies.
Because of this, many crypto companies have settled in Switzerland, making it the country with the largest number of crypto company headquarters. In this article, we present the top 5 crypto companies headquartered in Switzerland.
Top crypto company headquartered in Switzerland
1. Status.im – Baarerstrasse 10, Zug, Switzerland
Status, a crypto company offering messaging as a service (MaaS) on blockchain, was founded in 2017 and has been active ever since. Status’ flagship product is the mobile operating system of the same name, built specifically for the Ethereum blockchain. Status’ technology enables ordinary mobile phone users to easily use decentralized applications.
Founded by Jarrad Hope and Carl Bennets, Status promises secure communication between messaging partners, something that has become rare in the world of social media censorship and big tech. Status is in direct competition with companies like Sender Wallet and Glow Labs.
Status has its own token, SNT, which currently trades at $0.021 per token. token.
2. Lisk – Canton of Zug, Zug, Switzerland
Lisk is its own blockchain and markets itself as a “single point entry into the world of cryptocurrencies”. On the blockchain, you can buy NFTs, Lisk-based tokens and other popular Web3 apps built on top of this blockchain.
List was founded in 2016 by Max Kordek and Oliver Beddows. From the Lisk mainchain, developers can build their own sidechain and expand the ecosystem. Lisk is in direct competition with some of the big names like Cardano, Bitcoin and Ethereum.
Lisk has its own coin, LSK, which is currently trading at $0.74.
3. Ethereum – Zeughausgasse 7A, Zug, Switzerland
Ethereum needs little introduction – it is the world’s computer (or at least on its way to becoming one). Ethereum, which powers 80% of decentralized finance, was conceived by Vitalik Buterin and Jefferey Wilcke and was launched in 2014. Since then, Ethereum has grown massively.
The network is a platform for developers who develop protocols and dApps to promote a decentralized internet, decentralized administration and decentralized economy.
The company is in direct comparison with all popular standalone blockchains like Bitcoin, Qtum and Hedera Hashgraph.
Ethereum has its own coin, ETH, which is currently trading at $1,218.47.
4. Cosmos Network – Gubelstrasse 11, Zug, CH
$ATOM – Cosmos is a blockchain company that specializes in building an ecosystem of blockchains. In 2016, Jae Kwon and Ethan Buchman, the founders of Cosmos, envisioned a future where blockchains no longer need to be independent silos. They saw a future where the entire blockchain is one space – one organism.
So they set out to build a network of blockchains all connected to a hub called the Inter-Blockchain Communication Protocol (IBC), which has become known as the “Internet of Blockchains.” This is the heart of the Cosmos network.
The Cosmos network has one active coin, ATOM, which is currently worth $8.97 per coin.
5. Gelato Network- Chamer Fussweg 11, Zug, Switzerland
Gelato Network is a crypto company that specializes in automating smart contracts on the blockchain. Gelato Network’s automated smart contracts were founded in 2019 and are called “enhanced smart contracts”. They will also be able to run off the chain and be gasless.
Gelato smart contracts currently support over 8 blockchains including Ethereum, Moonbeam, Binance Smart Chain and Gnosis. To date, the Gelato network has completed more than 3.8 million transactions, making its vision extremely successful considering the short time the company has been operating.
Gelato Network has its own token, GEL, which is currently trading at $0.139.
There is no doubt that the companies on this list are some of the best. However, the competition is fierce and if they slip, they will be toppled. Due to the favorable crypto conditions in Switzerland, more and more startups choose to put down roots in the country. There are currently over thirty blockchain companies based in Switzerland. If this continues, Switzerland will be the crypto capital of the world.
Vincent Munene is a freelance writer and a huge blockchain enthusiast. Blockchain changed his life in terms of financial freedom and in return he wants to educate people and update them on everything related to blockchain. He is a biochemist by profession and also enjoys playing the piano.