3rd Global Cryptoasset Benchmarking Study

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3rd Global Cryptoasset Benchmarking Study

METHODOLOGY For the third edition of the Global Cryptoasset Benchmarking Study, four market segments were surveyed: (i) mining, (ii) payment, (iii) custody, and (iv) exchange. Two separate surveys were constructed and distributed to respondents between March and May 2020, via secure web-based questionnaires. 1. The Cryptoasset Service Providers Survey was sent to entities active in one or more of the payments, custody and exchange segments. The breakdown of respondents per market segment is shown in Figure 1. Figure 1: The exchange market segment is the most represented in the survey sample with more than two in three surveyed respondents offering exchange services

Respondents Breakdown by Market Segment Share of service providers




Payment services

Exchange services 18% 5% 17%


Storage services

2. The Cryptoasset Mining Survey was sent to individuals and organisations involved in the mining industry, such as hashers, hardware manufacturers, and pool operators. The breakdown of mining respondents is shown in Figure 2. Figure 2: Nearly one in two respondents mine as part of a pool

Respondents Breakdown by Mining Activity Share of mining actors 44%

Mining as part of a pool


Mining hardware manufacturer and/or reseller


Remote hosting services (central administrator)


Solo mining


Cloud mining services (central administrator)


Mining pool operator (central administrator)




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