Since London was tied in the top tier with eight other hubs for regulatory structure – a driver and the most heavily weighted criteria overall at 35% – its top-three result is due to its relatively high crypto adoption score . Chainalysis ranked the U.K. 17th in the world. Only the U.S., at fifth, was ranked higher. Another plus: top-10 score for ease of doing business , in the enabler category.
“This puts London in pole position to serve the world as a hub for crypto, as businesses and institutions seek trusted and reliable trading partners,” Nick Philpott, co-founder of institutional crypto trader Zodia Markets, said.London is often seen as a gateway to Europe’s jurisdictions, offering connectivity to international markets, which brings with it a wide range of sources of investment, from venture capitalists to angel investors.
“We are hiring,” he added, “and are finding many European potential employees are keen to move to London as they consider it the fintech hub of Europe.”