Withthesupportof:DrGarrickHileman&MichelRauchs2017GLOBALCRYPTOCURRENCYBENCHMARKINGSTUDY23GlobalCryptocurrencyBenchmarkingStudyCONTENTSFOREWORDS4RESEARCHTEAM6ACKNOWLEDGMENTS7EXECUTIVESUMMARY10METHODOLOGYANDSTUDYSTRUCTURE11GLOSSARY12SETTINGTHESCENE14EXCHANGES28WALLETS48PAYMENTS68MINING86APPENDICES106REFERENCESANDENDNOTES1104ForewordsFOREWORDSTheworldofmoneyandfinanceistransformingbeforeoureyes.Digitisedassetsandinnovativefinancialchannels,instrumentsandsystemsarecreatingnewparadigmsforfinancialtransactionandforgingalternativeconduitsofcapital.TheCambridgeCentreforAlternativeFinance,sinceitsfoundingin2015,hasbeenattheforefrontofdocumenting,analysingandindeedcriticallychallengingthatdigitalfinancialtransformation.ThisGlobalCryptocurrencyBenchmarkingStudyisourinauguralresearchfocusedonalternativepaymentsystemsanddigit