Zug, a small city in Switzerland, has been recognized as the top cryptocurrency hub in CoinDesk’s Crypto Hubs 2023 ranking. The city earned this distinction due to factors such as regulatory clarity, crypto-friendly banks, a vibrant crypto job market, and a robust events calendar. With a small population, Zug scored highest overall for opportunities in the crypto space, including per-capita crypto-related companies and events.
The city’s regulatory structure and quality of life were also noted as key strengths. Zug, also known as “Crypto Valley,” has been a significant hub for cryptocurrency projects, including the birthplace of Ethereum in 2015. The Swiss government’s proactive approach and clear regulatory framework have contributed to Zug’s status as a leading crypto hub. The city’s ecosystem includes crypto banks like SEBA and Sygnum, providing essential services for crypto start-ups.
While Zug itself may be considered small and less eventful, it is part of a larger network that includes cities like Zurich, Bern, and Geneva, contributing to Switzerland’s overall prominence in the crypto industry.