Russia is an undoubted regional leader in the ICO sector

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Russia is an undoubted regional leader in the ICO sector

According to a study conducted by the East-West Digital News Agency (EWDN) in partnership with the ICObench rating platform, Russia is the leader among the Eastern European countries in the world market of ICOs.

In particular, the study says that in 2017, companies with roots from the Eastern European region accounted for about 17% of all ICO and pre-ICO conducted in the world. At the same time, they collected about 22% of the funds raised in this market (at least $ 1.2 billion).

At the same time, the document notes that in this region the sphere of venture financing is not sufficiently developed: its share in the world market does not exceed 1%.

Among the ICO and pre-ICO in 2017, caught in the eye of ICObench and EWDN, 237 organized by representatives of Eastern European countries. Of these, 130 are in Russia, followed by Estonia (22 ICO and pre-ICO), Slovenia and Ukraine (22 and 13 respectively). Thus, Russia is an undoubted regional and one of the world leaders in this field.

According to Almaz Capital, Eastern Europe and Russia represent the second largest the size of the blockchain community in the world after the United States and rank third in terms of the production of bitcoins.

“In recent years, venture capital in Russia has become difficult and expensive. In this situation, the ICO for many founders of start-ups is a more convenient way to attract investment, “said Adrian Henny, editor-in-chief of East-West Digital News.

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