{"id":341110,"date":"2021-09-18T19:30:00","date_gmt":"2021-09-18T16:30:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/california-named-most-crypto-ready-us-state\/"},"modified":"2021-09-18T19:30:00","modified_gmt":"2021-09-18T16:30:00","slug":"california-named-most-crypto-ready-us-state","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/california-named-most-crypto-ready-us-state\/","title":{"rendered":"# California named \u2018most crypto ready\u2019 US state"},"content":{"rendered":"

“# California named \u2018most crypto ready\u2019 US state <\/strong>”
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California has emerged as the most crypto-ready jurisdiction in the United States thanks to the proliferation of cryptocurrency ATMs and growing interest in digital assets among the state\u2019s population, according to new industry research from review site Crypto Head.\u00a0<\/p>\n

With a score of 5.72 out of 10, California edged out<\/a> New Jersey (5.44), Texas (5.28), Florida (5.03) and New York (4.29) in the crypto-ready index. The state\u2019s point total was also 2.54 points higher than the national average. <\/p>\n

The results were tabulated using metrics such as crypto-related Google searches, the presence of Bitcoin (BTC) and other cryptocurrency ATMs and the number of blockchain-related bills passed in each state. California ranked first in crypto-related Google searches per 100,000 and in the number of crypto ATMs. These positive factors offset the lack of crypto-focused legislation in the state. <\/p>\n

By comparison, New York has passed eight crypto-focused bills but was 33rd in terms of crypto ATM installations. New Jersey has the highest number of crypto ATM installations per 10,000 square miles and scored third-highest for searches per 100,000 people. Texas and Florida also scored well with respect to ATMs and overall searches. <\/p>\n

Related:\u00a0Mayoral candidate pledges to make NYC ‘most cryptocurrency-friendly city in the nation’<\/em><\/strong><\/p>\n

Despite regulatory uncertainty and a looming infrastructure bill that could affect key segments of the blockchain economy, the United States continues to be a global leader in cryptocurrency adoption. In 2020, BTC trade volumes in the U.S. exceeded<\/a> those of Europe, Nigeria and China combined. For the same year, Americans booked $4.1 billion in realized profits on their crypto trades, far exceeding any other country. The U.S. also leads the globe in Bitcoin ATMs, accounting for a whopping 86.4% of total installations, according<\/a> to industry sources. <\/p>\n

Related: <\/em><\/strong>CFTC renewed: What Biden\u2019s new agency picks hold for crypto regulation<\/em><\/strong><\/p>\n

Crypto\u2019s success in the United States largely stems from its status as an investable asset class. As such, other adoption metrics don\u2019t rank nearly as high. In August, financial comparison website Finder ranked the U.S. 26th out of 27 countries in terms of crypto ownership among residents. Emerging markets that depend more heavily on remittances \u2014 such as those in Southeast Asia and Latin America \u2014 ranked much higher. <\/p>\n