A new survey conducted by digital assets tax tool Recap says that the three most populous US cities are among the world’s most crypto-ready.
The study surveyed the 200 most-populated cities on the globe on factors such as the number of crypto ATMs, residents working in the crypto sector, the number of crypto firms and the number of crypto-specific events held.
According to the Recap survey, New York City is the third-most crypto-ready in the world. Los Angeles is ranked fifth, while Chicago came in at the 11th position.
On why New York City emerged as the most crypto-ready city in the US and the third in the world, the survey says,
“The Big Apple also has some of the biggest investment in R&D [Research and Development] and people working in crypto-based jobs at over 1,400. Events are also prevalent in the city – with one such – CryptoMondays – taking place weekly for people to share their views, network and find jobs in the crypto space.”
Ranked first and second as the world’s most crypto-ready cities, ahead of New York City, are London and Dubai, respectively.
The Recap survey cites more or less similar reasons why Los Angeles ranked as the second-most crypto-ready city in the US and the fifth in the world.
“Following the launch of the new Crypto.com arena – replacing the Staples Center – Los Angeles came fifth, highlighting how more mainstream the currency has become in the US. LA has developed a thriving crypto community as of late, with the support of the government, a state-wide pool of diverse talent and a relatively high research and development expenditure too.”Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Check Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney