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Despite harsh crypto industry returns in the last Crypto Winter, Israeli Blockchain companies have increased by 32% in the 2019 calendar year. As of December 2019, the no. of blockchain companies increased to 150 instead of 138 in 2018. This is according to a survey by the Israeli Bitcoin Association. The survey further shows that 2017 saw only 53 total blockchain & crypto companies.
Moreover, in 2018, out of 113, only 63 companies continued in 2019. This means 87 companies have been incubated and flourished in 2019. The numbers are inspiring and Israel crypto industry plans to flourish further.