Capital markets News

Paxos survey finds users want to buy crypto from banks

crypto from banks paxos

Today Paxos, the regulated blockchain and tokenization firm, published the results of its U.S. consumer survey around cryptocurrency attitudes, which it ran in January. It found that 75% of people were likely to buy cryptocurrencies from banks if they were offered. That’s 12 percentage points up on last year.

In the meantime, regulators continue to discourage banks from engaging in the crypto sector, especially after crypto bank Silvergate ran into trouble.

Paxos also noted that two of the top three platforms used by its 5,000 survey respondents were non-crypto companies, PayPal (31%) and Robinhood (26%). Presumably, the third member of the group is Coinbase. To qualify for the survey, the respondents had to have purchased cryptocurrency in the past three years.

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Image Copyright: Paxos