New York, Los Angeles and Chicago Among the Most Crypto-Ready Cities in the World: New Research

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.”

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