California identified as the largest crypto market in the United States; Recent study reveals

Analysis of online search trends has revealed that California is the largest crypto market in the United States, generating the most engaged region for digital assets.

The survey, conducted by the online casino and sportsbook operator JeffBet, analyzed online search data, covering a period of 12 months, and compared searches for 20 cryptocurrency-related keywords in each of the country’s 50 states. The extensive trend searches were then weighed and scored to reveal each state’s crypto market score.

The data showed that California registers the highest levels of cryptocurrency interest in the United States, with a cryptocurrency market score of 10 out of 10 on all keywords.

Golden State recorded the highest interest rates for the words ‘cryptocurrency’, ‘crypto’, ‘dogecoin’, ‘Coinbase’, ‘tether’, ‘cardano’ and ‘binance’, placing it at the top of the rankings.

Neighboring Nevada came in second with 9.19, which is 50 percent higher than the average score of 6.19 across America. Nevada has the highest search trends for a quarter of all the twenty terms. These include ‘bitcoin’, ‘shiba inu coin’ and ‘TRON’.

With the highest search levels for ‘lido’, the floating bet solution for ethereum, Florida is the third largest crypto market in the United States, with a score of 9.01.

In fourth place is New Jersey, with a crypto market score of 8.93, while Washington is behind with a score of 7.93. New Jersey has the highest search interest for ‘ethereum’ with Washington showing its highest trend search in ‘cryptocurrency’. The state has more appetite for ‘cryptocurrency news’ and ‘shiba inu coins’ than New Jersey.

In sixth place is New York, with a score of 7.68, and some of the highest search levels for ‘blockchain’.

Rhode Island comes in seventh place, with a crypto market score of 7.54.

In eighth place, with a score of 7.44, is Hawaii, followed by Arizona in ninth place with 7.25, and Massachusetts in tenth, with 7.18.

“There are more than 9,500 cryptocurrencies and the top 20 coins account for 87 percent of the market,” commented a representative of JeffBet. “It’s fascinating to see the states with the most appetite on the market, with those in the top ten showing consistently high levels of interest in a wide range of crypto-related keywords.”

The states with the largest cryptocurrency market in the United States