According to a research report by the US-based cryptocurrency exchange Coinbase, 19% of New York State residents own cryptocurrencies. Furthermore, one out of every three participants included in Coinbase’s research describes cryptocurrencies as a “valuable investment for the future.” The report also reveals that there are currently nearly 700 blockchain companies in New York.
Growing Adoption of Digital Assets
With the wider adoption of blockchain technology and the increasing popularity of cryptocurrencies worldwide, the global acceptance of digital assets has also been on the rise. The total market capitalization of the cryptocurrency market has seen significant growth in recent years, especially as institutional investors have started making various investments in the digital asset ecosystem.
During this process, the wider reach of decentralized finance (DeFi) protocols, NFTs, and Metaverse projects to a broader user base has significantly contributed to the increased adoption of digital assets. Since 2017, the total market capitalization and trading volumes of the cryptocurrency market have shown substantial growth.
According to a new research report by Coinbase exchange, the adoption of cryptocurrencies among New York residents has increased. The report highlights that 19% of New York residents own cryptocurrencies.
Coinbase Report
According to a new research report by Coinbase exchange, 19% of New York State residents in the United States own cryptocurrencies. The report also states that one out of every three participants included in Coinbase’s research described cryptocurrencies as a “valuable investment for the future.”
Coinbase emphasizes in the report that with the increasing adoption of cryptocurrencies among New York residents, the state continues to host numerous blockchain-based projects. The report reveals that there are 692 blockchain companies in New York.
