Radar · Industry landscape · the United States
Crypto Exchanges and Wallets Landscape of the United States 2,049 Crypto Exchanges and Wallets companies in the United States, in one picture: who is hiring, who is raising money, who founded them, where they are based, what the news is about, which skills employers want and where the research is going. Updated August 2026.
2,049 companies tracked
$17.1B disclosed funding
48 hiring right now
681 events · 24 months
394,791 news articles · 12 months
Who leads Crypto Exchanges and Wallets in the United States Shows the 2,049 tracked companies, highlighting the top hiring firms, best‑funded firms, and the number currently hiring or with disclosed funding rounds.
Radar
See all 2,049 Crypto Exchanges and Wallets companies in the United States
Filter by funding, headcount, hiring and location, and export the list.
How the Crypto Exchanges and Wallets ecosystem in the United States grew, 2016–2025 Shows the annual count of companies founded from 2016‑2025, with the highest year being 2021 at 319 and 84 founded in 2025.
Companies founded / year
new Crypto Exchanges and Wallets companies in the United States
2016: 60 2017: 180 2018: 208 2019: 110 2020: 149 2021: 319 2022: 228 2023: 217 2024: 192 2025: 84 2016 2025
peak 319 in 2021
Companies raising / year
with a disclosed round that year
2016 2025
peak 124 in 2021
Disclosed funding / year
sum of disclosed rounds (USD)
2016: 47,329,827 2017: 319,431,738 2018: 862,671,177 2019: 196,495,679 2020: 178,381,480 2021: 4,408,673,895 2022: 2,495,117,850 2023: 1,360,329,024 2024: 2,641,748,680 2025: 3,708,417,958 2016 2025
peak $4.4B in 2021
Where Crypto Exchanges and Wallets companies in the United States are based Lists the cities with the most companies, led by San Francisco (258) and New York City (244), followed by Miami, Los Angeles, and Chicago.
→ Hub 01
San Francisco
258 Crypto Exchanges and Wallets companies
34% of the Crypto Exchanges and Wallets companies across these hubs
258 companies
$4.4B disclosed funding
12 hiring now
Hub 02
New York City
244 Crypto Exchanges and Wallets companies
32% of the Crypto Exchanges and Wallets companies across these hubs
244 companies
$2.3B disclosed funding
8 hiring now
Hub 03
Miami
55 Crypto Exchanges and Wallets companies
7% of the Crypto Exchanges and Wallets companies across these hubs
55 companies
$393.3M disclosed funding
Hub 04
Los Angeles
53 Crypto Exchanges and Wallets companies
7% of the Crypto Exchanges and Wallets companies across these hubs
53 companies
$63.4M disclosed funding
1 hiring now
Hub 05
Chicago
47 Crypto Exchanges and Wallets companies
6% of the Crypto Exchanges and Wallets companies across these hubs
47 companies
$231.1M disclosed funding
3 hiring now
Hub 06
Austin
42 Crypto Exchanges and Wallets companies
5% of the Crypto Exchanges and Wallets companies across these hubs
42 companies
$88M disclosed funding
Hub 07
Wilmington
39 Crypto Exchanges and Wallets companies
5% of the Crypto Exchanges and Wallets companies across these hubs
39 companies
$38.8M disclosed funding
2 hiring now
Hub 08
Palo Alto
29 Crypto Exchanges and Wallets companies
4% of the Crypto Exchanges and Wallets companies across these hubs
29 companies
$439.4M disclosed funding
3 hiring now
The Crypto Exchanges and Wallets market map of the United States: what these companies actually do Breaks down the main product sub‑categories and revenue models, noting fintech (2,033) and subscription revenue (1,521) as the largest groups.
Fintech 2,033 companies · $17.1B raised · 48 hiring Blockchain in Financial Services 1,869 companies · $13.9B raised · 47 hiring Consumer Digital 1,642 companies · $11.6B raised · 33 hiring Web 3.0 1,041 companies · $10.1B raised · 25 hiring Decentralized Finance 714 companies · $4.2B raised · 15 hiring Enterprise Tech 630 companies · $9.9B raised · 24 hiring Deep Tech 405 companies · $7.1B raised · 9 hiring Yield Farming 238 companies · $1.7B raised · 4 hiring Enterprise Software 186 companies · $2.7B raised · 6 hiring Marketplaces 132 companies · $321M raised · 4 hiring SaaS 82 companies · $1.2B raised · 3 hiring Blockchain Protocols 45 companies · $806.4M raised · 2 hiring Monetization
How Crypto Exchanges and Wallets companies make money How many companies earn revenue each way. Plenty use more than one model, so the counts add up to more than the sector.
Subscription 1,521
Commission on Transaction 1,379
E-Commerce - Service 598
Fee-For-Service 351
Advertising 203
E-Commerce - Product 135
Freemium 132
Lending 61
Funding, M&A and the deals moving Crypto Exchanges and Wallets in the United States Counts 681 corporate events in the past two years, including earnings releases, funding rounds, mergers and acquisitions, key‑person moves, and contracts.
Earnings 148 Funding 120 M&A 102 Leadership 87 Contracts 54 Assets 38 Announcement 32 Capital 23 Lawsuit 15 IPO 12
M&A Bullish has entered into a definitive agreement to acquire Equiniti, a leading global transfer agent serving nearly 3,000 issuer clients. 2026-05-05 M&A The move builds on earlier acquisitions of marine weather analytics provider OpenOcean in 2022. 2026-04-24 M&A According to a release, the buyer is Toronto-based Apotex, billed as Canada’s largest pharmaceutical company. 2026-04-23 M&A Kraken has acquired Bitnomial, a futures and options exchange website, in a tech M&A deal valued at $550 million. 2026-04-22 Funding Core Scientific is preparing a $3.3 billion debt offering as it accelerates its transition from bitcoin mining to high-performance computing infrastructure. 2026-04-22 Funding Helium Real Estate Tech Real Estate Services B2C $539K - Albinder Dhindsa (Eternal), Kunal Shah (CRED), Pankaj Chaddah (Shyft), Mohit Gupta (COYU), Akriti Chopra (Eternal), Gunjan Patidar, Nitin Gupta (Uni Cards) 2026-04-18 Funding Around the same time, Google increased its backstop for TeraWulf to US$3.2 billion to support debt financing. 2026-04-16 Funding a $1bn raise by Octopus Energy spin out Kraken which was valued at $8.65bn. 2026-04-13 Funding Crossover Markets Group — Raised: $31M About: Crossover Markets is a digital asset trading technology firm. Key Investors: Tradeweb, Wintermute, Ripple, DRW, Virtu 2026-04-06 M&A Troutman Pepper Locke represented Georgia Banking Company, Inc. (GBC), the parent company of Georgia Banking Company, in its definitive agreement to merge with Tandem Bancorp, Inc. (Tandem), the parent company of Tandem Bank. 2026-03-31 Mergers and acquisitions Deals from the last 24 months where a Crypto Exchanges and Wallets company in the United States was the buyer or the one bought, newest first. “Undisclosed” means the price was never published — not that the deal was worth nothing.
Acquirer Target Deal value Status Date Bullish equiniti$4.2B Announced 2026-05-05 sinayOpenOcean undisclosed Completed 2026-04-24 apotexCumberland undisclosed Announced 2026-04-23 Kraken Bitnomial $550M Announced 2026-04-22 Payward Bitnomial $550M Announced 2026-04-17 saudi energyKraken undisclosed Pending 2026-04-13
Who is listing, hiring leaders, launching and winning work Details specific events such as IPO filings, leadership changes, product launches, and contract wins for companies in the sector.
IPO pipeline
3 companies listed or filing · last 24 months
Bullish IPO · NYSE · BLSH · 8 reports Apr 2026 Kraken IPO · London Stock Exchange · 5 reports Apr 2026 Coinbase Direct Listing · 1 report Dec 2025 Contract wins
20 customer wins · last 24 months
Workforce actions
3 companies cutting roles · last 24 months
Coinbase ~660 roles reported · cost reduction, AI challenges May 2026 Cumberland scale undisclosed Apr 2026 Kraken ~1,100 roles reported · macroeconomic factors Aug 2025 Earnings pulse
companies reporting results · last 24 months
21 companies reporting149 company-quarters trackedbeat 22 miss 30 in line 0
Half of these companies grew revenue faster than +34.5% , half slower.
Who is building Crypto Exchanges and Wallets in the United States Profiles 1,093 founders and CEOs across 721 firms, showing top alma maters like Stanford (23) and common prior employers such as Microsoft (17).
Founders and chief executives 12 of 1,093, from the best-funded companies on this page
→ Thiel Advisors, Oden Technologies, Navigate Ventures, Graham Partners, ex-Sequent Software, Utimaco, Predixion Software, AssetPoint.
Co-Founder & Co-CEO
Brian Armstrong
Coinbase, NewLimit · Ex-Founder & CEO UniversityTutor, Airbnb · Rice University BS 2005, MS 2006
repeat founder Lucent Technologies, Kraken Digital Asset Exchange, The Boston Consulting Group, Syclo.University of Illinois Urbana-Champaign BS 1999…
Binary Digital SG.UC Irvine BS 2010
Co-Founder & CEO Genesis Mining & Blockchain Consulting, UniCredit CIB. Leibniz University Hannover PHD 2005
Co-Founder
Cameron Winklevoss
Co-Founder Gemini, ex-USRowing, ConnectU. Harvard University 2004, University of Oxford MBA 2010
Co-Founder & Co-CEO
Mo Shaikh
Ex-Consensys. Hunter College BS, University of Rochester - Simon Business School MBA
repeat founder Ex-Lightspeed, Intuit, Co-Founder Playbook HR, myCollegeSTAT, Microsoft. Stanford University BS 2012.
Co-Founder & CTO
Francesco Agosti
Ex-0x, Yelp, Code at Uni. Duke University BS 2015
Founder & CEO
Sreeram Kannan
College of Engineering, Guindy BE 2006, University of Illinois Urbana-Champaign MSc 2011, PhD 2012
University of Pennsylvania BS
Ex-Founder Basis, Google. Princeton University BS 2013
Where the founders studied
alma mater on record for 174 of 1,093 founders
Stanford University 23
Massachusetts Institute of Technology 17
University of Pennsylvania 13
Harvard University 13
Cornell University 13
Columbia University 9
University of California (Berkeley) 9
University of California (Los Angeles) 7
Where they worked before
a previous employer on record for 88 of 1,093 founders
Microsoft 17
Google 12
Facebook 10
Goldman Sachs 9
Amazon 8
Uber 7
eBay 6
Morgan Stanley 6
Founders flagged as repeat founders
of 950 founders with a profile on this page
16
carry a repeat-founder flag
flagged as repeat founders 16 no repeat-founder flag 934 Women and men among the founders
first names matched for 956 of 1,093 founders
7%
of matched founders are women
Inferred from first names, using 119 million people who state their own gender: a first name counts only where at least 20 of them share it and at least 90% of those share the same gender. The other 137 founders go in neither column.
Radar
Look up the people behind Crypto Exchanges and Wallets companies in the United States
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Who funds Crypto Exchanges and Wallets in the United States Summarizes 901 funding rounds since 2016 from 1,544 investors, with a typical round size of $4 million.
Stage mix · rounds since 2016
Seed & Angel 475
Series A–B 230
Series C+ / PE 37
Grants, debt & other 159
The typical round is $4M — half were bigger, half smaller.
The biggest Crypto Exchanges and Wallets funding rounds in the United States Highlights the largest disclosed round—Kraken’s $600 million Series D—and lists ten other large recent rounds.
Company Round Size When Backers Kraken Series Dmega-round $600M Sep 2025 Jane Street , DRW Trading Group , HSG +2 more Genesis Digital Assets Series Dmega-round $431M Sep 2021 Kingsway Capital , Electric Capital , Ribbit Capital +3 more Gemini Series Amega-round $423.9M Nov 2021 Morgan Creek Capital Management , 10T , ParaFi +5 more Coinbase Series Emega-round $300M Oct 2018 Tiger Global Management , Y Combinator , Wellington +3 more BitMine Series Bmega-round $252.5M Jun 2025 — Rain Series Cmega-round $250M Jan 2026 Iconiq Capital , Sapphire Ventures , DRAGONFLY +6 more American Bitcoin Series D $220M Nov 2025 Solari Capital , Tony Robbins , Charles Hoskinson +1 more Helium Series D $200M Feb 2022 Tiger Global Management , FTX , Seven Seven Six +14 more Kraken Series D $200M Nov 2025 Citadel Securities DeSo Series D $200M Oct 2022 Sequoia Capital , Coinbase , Andreessen Horowitz +1 more
Venture round sizes · 2023–2025
<$1M 32
$1–10M 114
$10–50M 45
$50–250M 14
>$250M 2
207 venture rounds with a disclosed amount in the window.
Fresh cheques · last 6 months
What the news says about Crypto Exchanges and Wallets in the United States Counts 394,791 news articles in the last year, with frequent topics on cryptocurrency’s impact on forex, regulatory compliance, interest‑rate decisions, and economic indicators.
News volume
Crypto Exchanges and Wallets coverage across United States · articles per quarter
2021Q2: 47,875 2021Q3: 49,420 2021Q4: 46,391 2022Q1: 71,803 2022Q2: 75,961 2022Q3: 66,368 2022Q4: 73,978 2023Q1: 73,599 2023Q2: 78,871 2023Q3: 73,647 2023Q4: 75,214 2024Q1: 81,162 2024Q2: 63,204 2024Q3: 77,324 2024Q4: 103,415 2025Q1: 126,418 2025Q2: 99,532 2025Q3: 87,552 2025Q4: 86,556 2026Q1: 104,123 2021Q2 2026Q1
peak 126,418 in 2025Q1 · 394,791 articles in the last 12 tracked months
Tone of coverage
share of articles by dominant sentiment (positive / neutral / negative )
2021 2023 2025
Positive-tone share moved 67% → 66%, negative 31% → 32% across 2021–2025.
What the coverage is about The subjects that dominate Crypto Exchanges and Wallets news in United States. The arrow shows whether each one is being written about more or less than a year ago.
Cryptocurrency impact on forex markets 256,313 ▲+41% Regulatory compliance in foreign exchange trading 50,160 ▲+85% Interest rate decisions and impacts 44,468 ▲+22% Economic indicators (gdp, cpi, unemployment) 41,972 ▲+12% Commodity trading and price changes 40,735 ▲+58% Federal reserve policy meeting summaries 39,448 ▲+24% Central bank monetary policy announcements 38,221 ▲+12% Trade wars and geopolitical impacts 38,211 ▲+22% Macroeconomic indicators in forex analysis 33,018 →+1% Central bank monetary policies impacting forex 31,100 →+4% Most-covered companies · last 12 months
103 Crypto Exchanges and Wallets companies here were named in the news over this period.
Prism
Watch Crypto Exchanges and Wallets coverage in United States as it happens
Prism follows these subjects story by story — which companies are named, what is said about them and how the tone moves.
Momentum
The words getting louder — and quieter Which terms are showing up in more stories than a year ago, and which are fading. The percentage is the change in how many articles mention them.
stablecoin fx impact+124% etf trading+146% etfs+141% decentralized forex+97% sector etfs+140% etf structures+145% etf products+156% exchange-traded funds+152% forex liquidity+52% crude oil prices+46%
interest differentials fx-39% monetary easing-34% monetary stance shift-33% currency intervention-41% simulated gambling apps-60%
The pressures the press keeps returning to Three recurring angles in United States Crypto Exchanges and Wallets coverage, and whether each is getting more attention year on year (through 2025).
Regulatory Risk ▲ rising
548,133 articles touch this dimension · 57.5% critical tone
2021 2025
signals: currency intervention policies, inflation reports fx, quantitative easing forex
Funding Momentum ▲ rising
109,149 articles touch this dimension · 42.3% critical tone
2021 2025
signals: inflation reports fx, currency intervention policies, trade deficits fx
Growth ▲ rising
140,684 articles touch this dimension · 48.3% critical tone
2021 2025
signals: gdp growth forex, inflation reports fx, trade deficits fx
Crypto Exchanges and Wallets jobs in the United States: who is hiring and what they ask for Reports 4,856 job postings from 205 employers in the past year, noting common skills like Python and React and a median advertised salary of $84 k.
4,856 postings · last 12 months
6,991 postings tracked overall
205 employers advertising
$84k median advertised salary/yr (n=389)
Demand
The Skills Employers Ask For What Crypto Exchanges and Wallets employers in the United States put in their job ads. The bar is how many postings ask for it; the arrow shows whether demand grew or shrank against the year before.
python 153 ▲ typescript 142 ▲ sql 124 ▲ react 106 ▲ javascript 88 ▲ rust 87 ▲ postgres 67 ▲ redis 64 ▲ react native 61 ▲ graphql 60 ▲ What level are these roles?
Entry 49
Intern 61
Senior 1,022
Lead 251
Manager 1,318
What they pay, by level
Manager $76k/yr (n=96) Senior $150k/yr (n=32) Most advertised titles
Security 208 Sales Associate/Stock 147 Assistant Manager/Co-Manager 136 Junior Assistant Manager 71 Shoe Coordinator 48 Software Engineer 47 What Crypto Exchanges and Wallets research in the United States is working on Lists 3,926 U.S.‑affiliated academic papers, divided into identified problems (818), cautions (317), and opportunities (1,503).
How this field talks about itself
United States-affiliated Crypto Exchanges and Wallets papers (gold) against all published research (grey)
Descriptive 27.2% · 17.6% 1.5×
Breakthrough 21.3% · 26.4% 0.8×
Problem-identifying 17.0% · 9.6% 1.8×
Promising 17.0% · 37.4% 0.5×
Cautionary 8.1% · 4.3% 1.9×
Comparative 5.6% · 3.8% 1.5×
United States-affiliated Crypto Exchanges and Wallets literature runs 1.5× more “descriptive” than science at large (27.2% vs 17.6% baseline).
How the work is done
Methods-led 32.6%
Empirical 30.0%
Reviews 19.4%
Position pieces 13.3%
Theoretical 4.7%
How the research reads
83% positive · 4% neutral · 13% negative , across 3,926 papers.
The institutions doing the work · United States
Cornell University 6k University of Maryland, College Park 4k State Street 4k National Bureau of Economic Research 3k University of California, San Diego 3k Johns Hopkins University 3k ranked by how often their work is cited
Leading researchers · United States-affiliated work
Andrew Miller · Christian Cachin · Elli Androulaki · Artem Barger · Vita Bortnikov · Konstantinos Christidis · Elaine Shi · Ahmed E. Kosba
The most-cited breakthroughs
Hawk: The Blockchain Model of Cryptography and Privacy-Preserving Smart Contracts · 2k cites Zerocash: Decentralized Anonymous Payments from Bitcoin · 2k cites SoK: Research Perspectives and Challenges for Bitcoin and Cryptocurrencies · 1k cites Enabling Blockchain Innovations with Pegged Sidechains · 577 cites Hyperledger Fabric: A Distributed Operating System for Permissioned Blockchains · 506 cites Common problems researchers identify 741 papers · 7 recurring themes
→ Problems · theme 01
Fundamental Blockchain Security Issues
169 papers · 22.8% of this block
2022: 1,902 of every 10,000 papers on this subject 2023: 1,943 of every 10,000 papers on this subject 2024: 1,501 of every 10,000 papers on this subject 2025: 1,351 of every 10,000 papers on this subject 2022: 1,902 of every 10,000 papers on this subject 2023: 1,943 of every 10,000 papers on this subject 2024: 1,501 of every 10,000 papers on this subject 2025: 1,351 of every 10,000 papers on this subject ▼ -29% share 2022→2025 share of research on this subject Researchers highlight core security and technical challenges in blockchain and cryptocurrency systems.
Blockchain · Cryptocurrency · Distributed ledger · Computer security
“Blockchain Technology: Transforming Libertarian Cryptocurrency Dreams to Finance and Banking Realities”
Problems · theme 02
Economic and Payment Risks
166 papers · 22.4% of this block
2022: 1,318 of every 10,000 papers on this subject 2023: 1,274 of every 10,000 papers on this subject 2024: 1,218 of every 10,000 papers on this subject 2025: 1,242 of every 10,000 papers on this subject 2022: 1,318 of every 10,000 papers on this subject 2023: 1,274 of every 10,000 papers on this subject 2024: 1,218 of every 10,000 papers on this subject 2025: 1,242 of every 10,000 papers on this subject ▼ -6% share 2022→2025 share of research on this subject Studies flag financial instability, network effects, and money‑laundering concerns linked to crypto payments.
Cryptocurrency · Asset · Econometrics · Payment
“CRYPTOCURRENCIES, NETWORK EFFECTS, AND SWITCHING COSTS”
Problems · theme 03
Regulatory and Legal Gaps
115 papers · 15.5% of this block
2022: 160 of every 10,000 papers on this subject 2023: 151 of every 10,000 papers on this subject 2024: 86 of every 10,000 papers on this subject 2025: 122 of every 10,000 papers on this subject 2022: 160 of every 10,000 papers on this subject 2023: 151 of every 10,000 papers on this subject 2024: 86 of every 10,000 papers on this subject 2025: 122 of every 10,000 papers on this subject ▼ -24% share 2022→2025 share of research on this subject Papers point out unclear legislation and enforcement difficulties surrounding virtual currencies.
Cryptocurrency · Legislation · Virtual currency · Enforcement
“Cryptocurrencies for the Payment of Products or Services: Risks, Accounting Practices and Regulations”
Problems · theme 04
Malware and Ransomware Threats
91 papers · 12.3% of this block
2022: 1,661 of every 10,000 papers on this subject 2023: 1,684 of every 10,000 papers on this subject 2024: 1,233 of every 10,000 papers on this subject 2025: 679 of every 10,000 papers on this subject 2022: 1,661 of every 10,000 papers on this subject 2023: 1,684 of every 10,000 papers on this subject 2024: 1,233 of every 10,000 papers on this subject 2025: 679 of every 10,000 papers on this subject ▼ -59% share 2022→2025 share of research on this subject Analyses focus on malicious software targeting cryptocurrency platforms and related security breaches.
Computer security · Malware · Cryptocurrency · Ransomware
“A Survey on Ethereum Systems Security”
Problems · theme 05
Currency Abuse and Transparency
80 papers · 10.8% of this block
2022: 472 of every 10,000 papers on this subject 2023: 475 of every 10,000 papers on this subject 2024: 333 of every 10,000 papers on this subject 2025: 399 of every 10,000 papers on this subject 2022: 472 of every 10,000 papers on this subject 2023: 475 of every 10,000 papers on this subject 2024: 333 of every 10,000 papers on this subject 2025: 399 of every 10,000 papers on this subject ▼ -15% share 2022→2025 share of research on this subject Research examines how digital currencies can facilitate laundering, tax evasion, and identity concealment.
Cryptocurrency · Currency · Digital currency · Virtual currency
“Bitcoin: Technical Background and Data Analysis”
Problems · theme 06
Central Bank Digital Currency Design
67 papers · 9.0% of this block
2022: 476 of every 10,000 papers on this subject 2023: 481 of every 10,000 papers on this subject 2024: 338 of every 10,000 papers on this subject 2025: 408 of every 10,000 papers on this subject 2022: 476 of every 10,000 papers on this subject 2023: 481 of every 10,000 papers on this subject 2024: 338 of every 10,000 papers on this subject 2025: 408 of every 10,000 papers on this subject ▼ -14% share 2022→2025 share of research on this subject Works discuss policy and technical choices needed for implementing sovereign digital currencies.
Digital currency · Central bank · Currency · Financial system
“Design Choices for Central Bank Digital Currency: Policy and Technical Considerations”
Problems · theme 07
Financial Inclusion via Mobile Payments
53 papers · 7.2% of this block
2022: 1,031 of every 10,000 papers on this subject 2023: 1,008 of every 10,000 papers on this subject 2024: 1,114 of every 10,000 papers on this subject 2025: 1,233 of every 10,000 papers on this subject 2022: 1,031 of every 10,000 papers on this subject 2023: 1,008 of every 10,000 papers on this subject 2024: 1,114 of every 10,000 papers on this subject 2025: 1,233 of every 10,000 papers on this subject ▲ +20% share 2022→2025 share of research on this subject Studies address gaps in digital payment access and the role of fintech for underserved users.
Mobile payment · Financial inclusion · Payment · FinTech
“Financial Exclusion in the Digital Payment Space”
Cautions 266 papers · 5 recurring themes
→ Cautions · theme 01
Market Dynamics and Adoption Risks
82 papers · 30.8% of this block
2022: 1,967 of every 10,000 papers on this subject 2023: 1,974 of every 10,000 papers on this subject 2024: 1,356 of every 10,000 papers on this subject 2025: 714 of every 10,000 papers on this subject 2022: 1,967 of every 10,000 papers on this subject 2023: 1,974 of every 10,000 papers on this subject 2024: 1,356 of every 10,000 papers on this subject 2025: 714 of every 10,000 papers on this subject ▼ -64% share 2022→2025 share of research on this subject Authors caution about volatile market behavior and social‑media influences on crypto adoption.
Cryptocurrency · Econometrics · Computer security · Market capitalization
“An Experimental Study of Cryptocurrency Market Dynamics”
Cautions · theme 02
Decentralization and Database Limits
67 papers · 25.2% of this block
2022: 1,994 of every 10,000 papers on this subject 2023: 2,024 of every 10,000 papers on this subject 2024: 1,547 of every 10,000 papers on this subject 2025: 1,464 of every 10,000 papers on this subject 2022: 1,994 of every 10,000 papers on this subject 2023: 2,024 of every 10,000 papers on this subject 2024: 1,547 of every 10,000 papers on this subject 2025: 1,464 of every 10,000 papers on this subject ▼ -27% share 2022→2025 share of research on this subject Research warns of scalability and consistency challenges inherent in decentralized ledger architectures.
Blockchain · Cryptocurrency · Database transaction · Computer security
“Platforms, blockchains and the challenges of decentralization”
Cautions · theme 03
CBDC Stability and Capital Impact
62 papers · 23.3% of this block
2022: 1,437 of every 10,000 papers on this subject 2023: 1,414 of every 10,000 papers on this subject 2024: 1,398 of every 10,000 papers on this subject 2025: 1,554 of every 10,000 papers on this subject 2022: 1,437 of every 10,000 papers on this subject 2023: 1,414 of every 10,000 papers on this subject 2024: 1,398 of every 10,000 papers on this subject 2025: 1,554 of every 10,000 papers on this subject ▲ +8% share 2022→2025 share of research on this subject Papers raise concerns about cross‑border digital asset flows and systemic risks from central bank tokens.
Digital currency · Currency · Payment · Central bank
“Central Bank Digital Currency: Central Banking For All?”
Cautions · theme 04
Legal Uncertainty and Energy Use
37 papers · 13.9% of this block
2022: 460 of every 10,000 papers on this subject 2023: 461 of every 10,000 papers on this subject 2024: 318 of every 10,000 papers on this subject 2025: 368 of every 10,000 papers on this subject 2022: 460 of every 10,000 papers on this subject 2023: 461 of every 10,000 papers on this subject 2024: 318 of every 10,000 papers on this subject 2025: 368 of every 10,000 papers on this subject ▼ -20% share 2022→2025 share of research on this subject Analyses highlight ambiguous regulatory frameworks and the environmental cost of cryptocurrency mining.
Cryptocurrency · Virtual currency · Futures contract · Currency
“Bitcoin: The Economic Case for a Global, Virtual Currency Operating in an Unexplored Legal Framework”
Cautions · theme 05
Pandemic‑Driven Volatility
18 papers · 6.8% of this block
2022: 236 of every 10,000 papers on this subject 2023: 136 of every 10,000 papers on this subject 2024: 48 of every 10,000 papers on this subject 2025: 33 of every 10,000 papers on this subject 2022: 236 of every 10,000 papers on this subject 2023: 136 of every 10,000 papers on this subject 2024: 48 of every 10,000 papers on this subject 2025: 33 of every 10,000 papers on this subject ▼ -86% share 2022→2025 share of research on this subject Studies note heightened cryptocurrency price swings linked to global health crises.
Volatility · Coronavirus disease 2019 · Cryptocurrency · Pandemic
“A Model of Cryptocurrencies”
Opportunities 1,315 papers · 7 recurring themes
→ Opportunities · theme 01
Scalable Blockchain Architectures
292 papers · 22.2% of this block
2022: 1,901 of every 10,000 papers on this subject 2023: 1,942 of every 10,000 papers on this subject 2024: 1,500 of every 10,000 papers on this subject 2025: 1,348 of every 10,000 papers on this subject 2022: 1,901 of every 10,000 papers on this subject 2023: 1,942 of every 10,000 papers on this subject 2024: 1,500 of every 10,000 papers on this subject 2025: 1,348 of every 10,000 papers on this subject ▼ -29% share 2022→2025 share of research on this subject Research proposes frameworks to improve blockchain stability, throughput, and smart‑contract functionality.
Blockchain · Cryptocurrency · Smart contract · Computer security
“Stability and Scalability of Blockchain Systems”
Opportunities · theme 02
Advanced Cryptographic Analytics
263 papers · 20.0% of this block
2022: 1,673 of every 10,000 papers on this subject 2023: 1,699 of every 10,000 papers on this subject 2024: 1,248 of every 10,000 papers on this subject 2025: 767 of every 10,000 papers on this subject 2022: 1,673 of every 10,000 papers on this subject 2023: 1,699 of every 10,000 papers on this subject 2024: 1,248 of every 10,000 papers on this subject 2025: 767 of every 10,000 papers on this subject ▼ -54% share 2022→2025 share of research on this subject Works explore machine‑learning and cryptographic tools for de‑anonymizing and securing crypto networks.
Computer security · Cryptocurrency · Malware · Cryptography
“Regulating Cryptocurrencies: A Supervised Machine Learning Approach to De-Anonymizing the Bitcoin Blockchain”
Opportunities · theme 03
Investment and Liquidity Strategies
257 papers · 19.5% of this block
2022: 596 of every 10,000 papers on this subject 2023: 592 of every 10,000 papers on this subject 2024: 372 of every 10,000 papers on this subject 2025: 558 of every 10,000 papers on this subject 2022: 596 of every 10,000 papers on this subject 2023: 592 of every 10,000 papers on this subject 2024: 372 of every 10,000 papers on this subject 2025: 558 of every 10,000 papers on this subject ▼ -6% share 2022→2025 share of research on this subject Papers investigate portfolio diversification, market‑liquidity dynamics, and new crypto investment models.
Cryptocurrency · Volatility · Market liquidity · Portfolio
“Cryptocurrencies: applications and investment opportunities”
Opportunities · theme 04
Predictive Price Modeling
154 papers · 11.7% of this block
2022: 352 of every 10,000 papers on this subject 2023: 329 of every 10,000 papers on this subject 2024: 145 of every 10,000 papers on this subject 2025: 75 of every 10,000 papers on this subject 2022: 352 of every 10,000 papers on this subject 2023: 329 of every 10,000 papers on this subject 2024: 145 of every 10,000 papers on this subject 2025: 75 of every 10,000 papers on this subject ▼ -79% share 2022→2025 share of research on this subject Studies develop deep‑learning and sentiment‑analysis techniques to forecast cryptocurrency price movements.
Cryptocurrency · Econometrics · Volatility · Sentiment analysis
“Predictive Analysis of Cryptocurrency Price Using Deep Learning”
Opportunities · theme 05
Efficient Transaction Processing
142 papers · 10.8% of this block
2022: 1,179 of every 10,000 papers on this subject 2023: 1,129 of every 10,000 papers on this subject 2024: 1,163 of every 10,000 papers on this subject 2025: 1,321 of every 10,000 papers on this subject 2022: 1,179 of every 10,000 papers on this subject 2023: 1,129 of every 10,000 papers on this subject 2024: 1,163 of every 10,000 papers on this subject 2025: 1,321 of every 10,000 papers on this subject ▲ +12% share 2022→2025 share of research on this subject Research introduces privacy‑preserving, auditable transaction methods for blockchain and CBDC platforms.
Database transaction · Cryptocurrency · Payment · Transaction processing
“Intelligent Transaction Techniques for Blockchain Platforms”
Opportunities · theme 06
Government‑Backed Digital Money
142 papers · 10.8% of this block
2022: 1,437 of every 10,000 papers on this subject 2023: 1,414 of every 10,000 papers on this subject 2024: 1,398 of every 10,000 papers on this subject 2025: 1,554 of every 10,000 papers on this subject 2022: 1,437 of every 10,000 papers on this subject 2023: 1,414 of every 10,000 papers on this subject 2024: 1,398 of every 10,000 papers on this subject 2025: 1,554 of every 10,000 papers on this subject ▲ +8% share 2022→2025 share of research on this subject Works examine how state‑issued digital currencies can enhance oversight while leveraging decentralized tech.
Digital currency · Currency · Payment · Government
“The Rise of Digital Money”
Opportunities · theme 07
Innovative Consensus Mechanisms
65 papers · 4.9% of this block
2022: 21 of every 10,000 papers on this subject 2023: 19 of every 10,000 papers on this subject 2024: 11 of every 10,000 papers on this subject 2025: 11 of every 10,000 papers on this subject 2022: 21 of every 10,000 papers on this subject 2023: 19 of every 10,000 papers on this subject 2024: 11 of every 10,000 papers on this subject 2025: 11 of every 10,000 papers on this subject ▼ -46% share 2022→2025 share of research on this subject Papers propose novel proof‑of‑work variants to boost mining efficiency and protocol performance.
Proof-of-work system · Proof of concept · Cryptocurrency · Protocol
“Proof of Luck”
Which of these themes are growing fastest Tracks how the share of different research themes has changed worldwide from 2022 to 2025.
Problems
how much more (or less) of the world’s research on this subject each theme took up, 2022→2025
gaining share losing share
Financial Inclusion via Mobile Payments ▲+20%
Economic and Payment Risks ▼-6%
Central Bank Digital Currency Design ▼-14%
Currency Abuse and Transparency ▼-15%
Regulatory and Legal Gaps ▼-24%
Fundamental Blockchain Security Issues ▼-29%
Malware and Ransomware Threats ▼-59%
Cautions
how much more (or less) of the world’s research on this subject each theme took up, 2022→2025
gaining share losing share
CBDC Stability and Capital Impact ▲+8%
Legal Uncertainty and Energy Use ▼-20%
Decentralization and Database Limits ▼-27%
Market Dynamics and Adoption Risks ▼-64%
Pandemic‑Driven Volatility ▼-86%
Opportunities
how much more (or less) of the world’s research on this subject each theme took up, 2022→2025
gaining share losing share
Efficient Transaction Processing ▲+12%
Government‑Backed Digital Money ▲+8%
Investment and Liquidity Strategies ▼-6%
Scalable Blockchain Architectures ▼-29%
Innovative Consensus Mechanisms ▼-46%
Advanced Cryptographic Analytics ▼-54%
Predictive Price Modeling ▼-79%
Prism
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About this data: built from Fliar's company, founder, funding, hiring, jobs, news and research trackers, covering the United States. Counts are of companies we track, not of every company that exists. Updated August 2026.
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