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DUBLIN, 30 December 2022 /PRNewswire/ — “North America Blockchain and Cryptocurrency Market 2022″ report has been added ResearchAndMarkets.com’s Offering.

This publication summarizes the trends and developments in the market. The publication also reveals that the number of adults owning and using cryptocurrency in the US, is predicted to double by 2023.

Cryptocurrency increases in use and ownership across the board Canada

As cryptocurrency market is witnessing growth in the US, the Canadian market is no exception to this trend. The global average of consumers who owned cryptocurrency was a certain percentage point higher than Canada as of 2021, however, Canada catching up with almost one in ten consumers as owners cryptocurrency starting in 2021, according to the report. In addition to this, Bitcoin and Ethereum was among the most preferred cryptocurrencies among crypto users per November 2022.

When it comes to the most important reasons to invest in cryptocurrency, for more than half of buyers, making money even at risk were the main reasons, with almost another half of respondents saying they invested to support the decentralized financial system philosophy and to be part of something innovative. Furthermore, the proportion of men indicates having used crypto per November 2022 was more than women, as reported by the publication.

The US is at the forefront when it comes to implementing tighter regulations around the world cryptocurrency in the middle of crashing off cryptocurrency market

The adoption of cryptocurrency worldwide is increasing significantly, and the United States is no exception to this trend. Although nearly three-quarters of adults surveyed across the US have never shopped, invested or spent cryptocurrency per July 2022the estimated number of adults who own and use cryptocurrency was expected to double by 2023, as revealed by the report. The enthusiasm to own and invest in cryptocurrency in the USA is highest among the 25-34 age group. As crypto market developed, the United States witnessed tighter government regulations related to cryptocurrencies. For example, the country recently saw the implementation of the Responsible Financial Innovation Act, which explains in detail the rules and regulations for cryptocurrency market.

The story continues

Furthermore, the US government also implemented Crypto The regulatory proposal as a strict political measure in relation to cryptocurrency. However, the decline in value is of cryptocurrency market worldwide from spring 2022 has led to a loss of investor sentiment and negative movements in wealth North America also. Furthermore, have crypto the market in the region experienced slow growth in investment and financing in H1 2022, with the investment scenario i cryptocurrency the market is estimated to face ongoing challenges in H2 2022 due to the crash.

Inflation in the US economy as well as the slowdown in economies around the world triggered further falls of crypto. In addition, have cryptocurrency the market has remained relatively flat with no signs of growth since June 2022. Apart from this, the collapse of FTX and the decision by the US cryptocurrency fixed, Celsius to freeze outlets further contributed to the downfall of crypto market.

Key questions covered

• What are the main reasons for people in the United States to invest in cryptocurrency?

• What were the top reasons among Canadian adults for not investing in cryptocurrency?

• Which was the most preferred way of making crypto investments among crypto users in Canada?

Key topics covered:

1. Management summary

2. Global development

3. Banking activity and trends

4. North America

Companies mentioned

• Ally

• Amazon

• apple

• Asian Bank

• Goldman Sachs

• HSBC

• JPMorgan Chase

• MasterCard

• Meta

• Morgan Stanley

• PayPal

• Royal Bank of Scotland

• The square

• Visa

• Walmart

For more information on this report, visit https://www.researchandmarkets.com/r/iqj1mu

Media contact:

Laura Woodsenior manager
[email protected]

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SOURCE Research and markets