New York is the largest city in the United States and currently ranks 11th in the world in terms of population. US-listed crypto exchange Coinbase dedicates a series of articles to country-level crypto adoption in the United States. The latest blog post, published on Aug. 8, focuses on New York and details the metropolis’ crypto holdings, among other things.
Crypto Investors in New York
Coinbase notes that 19 percent of all New Yorkers are crypto exposed. In addition, there are no fewer than 692 blockchain organizations with more than 800 founders in the US state. 52 percent of the Fortune 100, the 100 largest companies in the US ranked by revenue, have pursued crypto, blockchain or Web3 initiatives as of early 2020.
Technology, financial services and retail represent the largest number of initiatives (approximately 75 percent) for Fortune 100 companies in the first quarter of 2020. Many of these companies are based in New York.
New Yorkers are also optimistic about the possibilities of cryptocurrencies: one in three agrees that “cryptocurrency makes the financial system fairer” and that it is a “valuable investment for the future,” according to a study commissioned by Coinbase by Morning Consult.
Crypto ownership in the Netherlands
It might be interesting to compare the number of crypto owners in New York with our own small country. Given the differences in population, however, it obviously makes little sense to make the absolute comparison.
Last week Crypto Insiders featured an article discussing the number of Dutch people using crypto. A survey of more than 11,000 Dutch people found that 20 percent own digital assets. In addition, 15 percent of all residents of the Netherlands would actively trade crypto.
In 2018, the number of crypto investors in the Netherlands was just 3 percent. So in our country things have been moving very fast in the last few years and the current percentage is very similar to New York.