Coinbase: 20% of American adults own cryptocurrencies

The vast majority of citizens see the need to update the financial system

27.02.2023 - 13:15

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What’s new? According to the US crypto exchange Coinbase, more than 50 million US citizens own cryptocurrencies, and 76% of them believe that the future is in this type of asset and blockchain technology. Another 67% believe that the current financial system needs a major overhaul. These are the conclusions reached by Morning Consult experts based on the results of a survey of 2000 American adults commissioned by the exchange.

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What other data has been published? Among survey participants, 20% of respondents are holders of digital assets. Despite the tumultuous events of 2022, the level of cryptocurrency ownership has remained virtually unchanged since reaching an all-time high early last year.

Given the results of the survey, Coinbase plans to focus on growing the industry. The exchange’s representatives intend to work with policymakers and companies in the field of traditional finance, as well as launch a comprehensive education campaign to shed light on everyday consumer concerns and the role that cryptocurrencies can play in updating the financial system.

Earlier, in a conversation with investors, Coinbase CEO Brian Armstrong said he wanted to increase the global cryptocurrency user base to one billion.

According to a September HANetf survey of European asset managers and financial advisors, 75% of respondents planned to increase their cryptocurrency investments within 12 months. And more than half of those surveyed expected a tighter regulatory environment for digital assets in the next three years.

The Crypto Pulse survey showed that cryptocurrency grew in popularity in Q2 2022. One in five respondents said they would like to invest in this asset type but lack knowledge.

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