November 23, 2024

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Crypto adoption is gaining steam, especially in the US state of Florida

Crypto adoption is gaining steam, especially in the US state of Florida

America is the world leader in crypto adoption. Many major stock markets are centered around the US and are a large part of it Bitcoin mining The network calls it home. outside New research However, it turns out that not every US state is equally positive towards crypto.

Crypto in America

To illustrate how powerful America is Crypto, let’s put some numbers in a row. There are 33,865 Bitcoin ATMs in the United States, representing 87.1 percent of the global total. Additionally, the country is responsible for 37.8 percent of global Bitcoin Hash rate.

With that percentage of hashrate, the US is also the most dominant player in Bitcoin mining. Looking state-by-state, it’s clear that not all 50 states are equally open Bitcoin And crypto.

Florida is America’s Crypto Capital, Survey Says Miami has the highest number of Bitcoin ATMs per capita with 14.63 ATMs per 100,000 residents. Additionally, this state has the highest number of Google searches per 1,000 citizens.

Zooming in on Bitcoin ATMs

The number of Bitcoin ATMs in a state is a good way to gauge the rate of adoption in a community. In that regard, Texas proudly tops the list with 4,101 Bitcoin ATMs. Second on the list is California with 3,696 Bitcoin ATMs, followed by Florida with 3,187 machines.

For example, it’s worth noting that there are no Bitcoin ATMs in Vermont. This shows that adoption in the United States is not a national matter, but varies enormously from state to state. Wyoming has very favorable legislation for crypto companies. This is also evident from the fact that there are more than 20 crypto companies located there per 100,000 people.

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This does not change the fact that California is home to most crypto companies. In total, there are 2,670 crypto companies in the state. Huge numbers for a revolution that began 14 years ago.