Switzerland is one of the leading places in the world with the best environment for crypto businesses. Indeed, cryptocurrencies are legal in Switzerland and there are virtually no regulations affecting the trading and use of cryptocurrencies.
For this reason, many crypto companies have moved to Switzerland, making it the country with the highest number of crypto company headquarters. In this article, we introduce you to 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 the blockchain, was founded in 2017 and has been active ever since. Status’s flagship product is the mobile operating system of the same name, designed specifically for the Ethereum blockchain. Status’s technology makes it easy for everyday mobile phone users to use decentralized applications.
Founded by Jarrad Hope and Carl Bennets, Status promises secure communications between messaging partners, which has become rare in the world of social media censorship and big tech. Status competes directly with companies like Sender Wallet and Glow Labs.
Status has its own token, SNT, which is currently trading at $0.021 per token.
2. Lisk – Canton of Zug, Zug, Switzerland
Lisk is its own blockchain and advertises itself as a “unique entry into the world of cryptocurrencies”. On the blockchain, you can buy NFTs, Lisk-based tokens, and other popular Web3 apps built on this blockchain.
List was founded in 2016 by Max Kordek and Oliver Beddows. From Lisk’s mainchain, developers can create 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 no introduction – it’s the world’s computer (or at least on its way to becoming one). Powering 80% of decentralized finance, Ethereum is the brainchild of Vitalik Buterin and Jefferey Wilcke and launched in 2014. Since then, Ethereum has seen massive growth.
The network is a platform for developers developing protocols and dApps to advance a decentralized internet, decentralized administration, and decentralized finance.
The company is in direct comparison with all popular standalone blockchains such as 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 specializing in building a blockchain ecosystem. In 2016, Jae Kwon and Ethan Buchman, the founders of Cosmos, envisioned a future where blockchains no longer needed to be stand-alone silos. They saw a future where the whole 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 became known as the “Internet of Blockchains”. It 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 specializing in the automation of smart contracts on the blockchain. Founded in 2019, Gelato Network’s automated smart contracts are called “Enhanced Smart Contracts”. They will also be able to operate off-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 over 3.8 million transactions, making its vision extremely successful considering the company’s short operating life.
Gelato Network has its own token, GEL, which is currently trading at $0.139.
Conclusion
There is no doubt that the companies in this list are some of the best. However, the competition is fierce and if they slack off, they will be knocked down. Due to the favorable crypto conditions in Switzerland, more and more startups are choosing to set up shop in the country. There are currently more than 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 blockchain enthusiast. Blockchain has changed his life in terms of financial freedom and in return he wants to educate people and update them on all things blockchain. He is a biochemist by profession and also enjoys playing the piano.