The United States is the world leader in crypto adoption. Many major exchanges are based in America and a large part of the bitcoin mining network also calls it home. Out new research However, it turns out that not every US state is equally positive for crypto.
Crypto in America
To illustrate how powerful the United States is in the field of crypto, we list a number of figures. America is home to 33,865 Bitcoin ATMs, representing about 87.1 percent of the global total of those machines. In addition, the country is responsible for 37.8 percent of global bitcoin hash rate.
With that percentage of the hashrate, America is also the most dominant player in bitcoin mining. If we look at it state by state, it becomes clear that not all 50 states are equally open to bitcoin and crypto.
Florida is the crypto capital of the United States, according to the survey. Miami has the highest number of Bitcoin ATMs per person with 14.63 ATMs per 100,000 residents. In addition, this state also has the highest number of Google searches per 1,000 inhabitants.
Zooming in on Bitcoin ATMs
The number of Bitcoin ATMs in a state is a good way to measure the rate of adoption in a society. In that respect, Texas proudly tops the list with 4,101 Bitcoin ATMs. Number two or the list is California with 3,696 Bitcoin ATMs, followed by Florida with 3,187 machines.
It is striking that there are no Bitcoin ATMs in Vermont, for example. This shows that adoption in the United States is not necessarily a national thing, but differs enormously per state. Wyoming boasts the most favorable legislation for crypto companies. This is also evident from the fact that more than 20 crypto companies per 100,000 people are located there.
That doesn’t change the fact that California is still home to most of the crypto companies. In total, there are 2,670 crypto companies present in the state. Huge numbers for a revolution that started just under 14 years ago.