<p>In a survey of institutional cryptocurrency trading service providers, The Block Research team has <a href="https://www.theblockresearch.com/crypto-evolution-how-market-for-institutional-trading-services-evolved-over-time-81768">found</a> that a majority of them, approximately 61%, are based in the United States. Other popular regions include Hong Kong, Singapore, and Switzerland for institutional-focused cryptocurrency trading firms.</p> <p><img src="https://www.tbstat.com/wp/uploads/2020/10/Screen-Shot-2020-10-23-at-10.23.03-AM.png" /></p> <p>Furthermore, according to The Block Research's John Dantoni, "about 75% of the firms that offer institutional trading services were formed" in 2017 or later.</p> <p><img src="https://www.tbstat.com/wp/uploads/2020/10/Screen-Shot-2020-10-23-at-10.21.12-AM.png" /></p>