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The latest report from the Crypto Business Guide in Spain shows an increase in the number of companies

According to the November 2020 report in the Crypto Business Guide, Spain already operates 120 companies and employs more than 1,100 people. This was reported by Crypto Plaza.

As detailed, out of the 120 crypto companies operating in Spain, there are 76 (63%) that deal with financial services and 44 (36%) that deal with non-financial services.

“In the last report of the ‘Crypto Companies Guide’ up to November 2020, 120 companies are registered, in contrast to September 2020, where 112 were registered,” they contrasted.

The latest report from the Crypto Business Guide in Spain shows an increase in the number of companies
The latest report from the Crypto Business Guide in Spain shows an increase in the number of companies

“The new companies include eight companies all related to financial services (an exchange, two investments, an issue, a property, two retail crypto and a wallet)”, they added.

On the other hand, it should be noted that Of the 120 registered companies, 96 are of local and 24 of foreign origin.

“Of the local companies, depending on the province of origin, we have Madrid, Barcelona and Valencia with 45, 14 and 11 companies respectively, which make up 73% of all local companies, 58 of which are in financial services.” viewed from Crypto Plaza

“For overseas companies (24), the largest origins are in the US and Argentina with three companies per country,” they added.

In terms of the type of services offered, there are 76 financial services companies, of which “the majority of companies are Investment (16 companies), Exchanges (13 companies) and Payments Transferences (10 companies) which concentrate 62% of the total”.

For non-financial services (44) there are advisory and certification services with 9 and 7 companies respectively (36% of the total).

Employees

“In terms of the number of employees, there is a record 1,071 employees in crypto companies, an increase of 51 employees from September 2020 when 1,020 employees were registered,” they said.

Most jobs are in financial services with 690 employees and in the case of non-financial services 381 employees.

It should be remembered The guide was created by the Research Service of the Digital Assets Institute and is only available to subscribers.

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