In the United Kingdom, British cryptocurrency companies have invested over £ 200 million in investments

Investors have placed over £ 200 million in cryptographic startups in the UK only in 2018

Although the cryptocurrency market decreased substantially in 2018 cryptocurrency startups in the United Kingdom reached a new funding record last year. According to data provided by the companies Pitchbook and London & Partners in the crypt, the market has raised £ 200 million from venture capital investors.

One of the most important companies that raised money was Bitfury when it launched a series A round of financing worth £ 61 million. The financing round was conducted by TradeIX, a company established in the UK.

Compared to past years, the funds raised in 2018 were much higher. In 2016, crypto the companies received £ 51.96 million while in 2017 they received £ 19.11 million, despite the bull market that affected the entire cryptographic space.

According to the report, technology companies and businesses in other cities receive almost double the amount of available growth capital compared to Berlin, Paris or Stockholm.

On the issue, the London Deputy Mayor of London, Rajesh Agrawal, commented:

"These figures show that London is increasingly strengthening as a global hub for technology, innovation and creativity.The fantastic success of our technology industry is rooted in the openness of our city and our diversified pool of international talent".

He went on to say that even after Brexit London will remain an open place for innovation and technology.

Kay Swinburne, a member of the European Parliament for Wales, said that London could continue to exploit blockchain technology. He said that London should attract these new technologies to remain an interesting pole for businesses.