{"id":560898,"date":"2023-03-08T08:51:11","date_gmt":"2023-03-08T05:51:11","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/89-still-trust-centralized-custodians-despite-2022s-collapses-survey\/"},"modified":"2023-03-08T08:51:11","modified_gmt":"2023-03-08T05:51:11","slug":"89-still-trust-centralized-custodians-despite-2022s-collapses-survey","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/89-still-trust-centralized-custodians-despite-2022s-collapses-survey\/","title":{"rendered":"# 89% still trust centralized custodians despite 2022&#8217;s collapses: Survey"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2583ddd210d\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2583ddd210d\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/89-still-trust-centralized-custodians-despite-2022s-collapses-survey\/#%E2%80%9D_89_still_trust_centralized_custodians_despite_2022s_collapses_Survey_%E2%80%9C\" >&#8221; 89% still trust centralized custodians despite 2022&#8217;s collapses: Survey &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_89_still_trust_centralized_custodians_despite_2022s_collapses_Survey_%E2%80%9C\"><\/span>&#8221; 89% still trust centralized custodians despite 2022&#8217;s collapses: Survey &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-48054ca8>American crypto users haven\u2019t lost their trust in \u201cinter<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a>ries\u201d to hold their crypto, with a January survey from Paxos suggesting a majority of United States crypto hodlers still trust banks, exchanges and mobile payment <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>s to custody their assets.<\/p>\n<p>An annual online <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/insights.paxos.com\/hubfs\/2023PaxosCryptocurrencyAdoptionandPurchasingBehaviorSurvey.pdf\">survey<\/a> published on Mar. 7 by the stablecoin issuer conducted between Jan. 5 and Jan. 6 sought to understand how the crypto winter and \u201clarge industry fallouts\u201d in 2022 \u2014 including FTX and Alameda Research \u2014 impacted consumer behavior and confidence in the crypto ecosystem. Paxos noted: <\/p>\n<blockquote><p>\u201c2022 was a rollercoaster year for the crypto industry.\u201d<\/p><\/blockquote>\n<p>\u201cRanging from some of the highest Bitcoin prices ever to some of the lowest, largescale industry fallouts from companies like Terra, FTX, Alameda Research, and more \u2014 it was a volatile and potentially confidence-testing year for the ecosystem,\u201d it added. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">After a turbulent end to 2022, crypto consumers have remained confident for 2023. We conducted a consumer survey and found many reasons why crypto is still viewed as a primary staple for financial livelihoods. Read our full survey here: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/AwFrGMuX0r\">https:\/\/t.co\/AwFrGMuX0r<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/TZcmct0O5L\">pic.twitter.com\/TZcmct0O5L<\/a><\/p>\n<p>\u2014 Paxos (@PaxosGlobal) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/PaxosGlobal\/status\/1633125433561456642?ref_src=twsrc%5Etfw\">March 7, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>However, the survey found that of those that heard and followed the FTX saga, more than half (57%) of respondents either planned to buy more crypto or simply do nothing as a result of the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a>. <\/p>\n<p>It also found that 89% of respondents still trusted \u201cintermediaries\u201d such as &#8220;banks, crypto exchanges and\/or mobile payment apps&#8221; to hold their crypto, stating: <\/p>\n<blockquote><p>\u201cIn fact, despite the high-profile collapses and underlying poor risk management practices seen in several crypto companies, crypto owners still trust intermediaries to hold crypto on their behalf.\u201d<\/p><\/blockquote>\n<p>The survey also found more desire from consumers to be able to buy Bitcoin (BTC), Ether (ETH) and other digital assets from household or traditional banks, with 75% of respondents indicating they were \u201clikely or very likely\u201d to purchase crypto from their \u201cprimary bank\u201d if it were offered, a 12 percentage point increase from the year before. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2023-03\/8404606c-c015-4922-a01f-170596ee4908.PNG\" alt=\"\" title=\"\"><figcaption style=\"text-align: center;\"><em>Graph showing respondents who indicated they were likely to purchase crypto from their primary bank. Source: Paxos<\/em><\/figcaption><\/figure>\n<p>\u201cAdditionally, 45% of respondents reported they would be encouraged to invest more in crypto if there was more mainstream adoption by banks and other financial institutions,\u201d Paxos added.\u00a0<\/p>\n<p>It said a &#8220;significant untapped opportunity&#8221; existed for banks if they expanded offerings to digital assets. &#8220;Not only would these services satisfy increasing demand, but they would also result in higher engagement,\u201d Paxos claimed. <\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Paxos is engaged in \u2018constructive discussions\u2019 with SEC: Report<\/em><\/strong><\/p>\n<p>Respondents qualified for the survey if they lived in the United States, were over 18 years of age, had a total household income greater than $50,000 and purchased cryptocurrency sometime within the last three years. The survey recruited 5,000 participants. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2023-03\/f56a92d6-2946-46d1-b1e2-d7c6f05913a7.PNG\" alt=\"\" title=\"\"><figcaption style=\"text-align: center;\"><em>75% of respondents continued to be confident in the future of crypto. Source: Paxos<\/em><\/figcaption><\/figure>\n<p>\u201cDespite the volatile 2022 crypto landscape, consumers didn\u2019t lose faith in their crypto investments. This number was unchanged from the previous year\u2019s report, underlining the long-term confidence of those participating in crypto markets,\u201d wrote Paxos.\u00a0<\/p>\n<p>The timing of the survey however means that the gleaned results did not take into account more recent crypto headwinds, such as the bankruptcy of crypto lender Genesis, the crackdown on Binance USD (BUSD) involving Paxos and the financial uncertainty of crypto bank Silvergate Capital. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"crypto_biz\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/89-still-trust-centralized-custodians-despite-2022-s-collapses-survey\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; 89% still trust centralized custodians despite 2022&#8217;s collapses: Survey &#8220; American crypto users haven\u2019t lost their trust in \u201cintermediaries\u201d to hold their crypto, with a January survey from Paxos suggesting a majority of United States crypto hodlers still trust banks, exchanges and mobile payment apps to custody their assets. An annual online survey published&#8230;<\/p>\n","protected":false},"author":1,"featured_media":560899,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2023-03\/4401f559-39f5-41a8-98de-e236512bd3ea.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74863,79786,135234,76605,77363,74355,117],"class_list":["post-560898","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-cryptocurrencies","tag-digital-asset","tag-ftx","tag-paxos","tag-survey","tag-adoption","tag-business"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/560898","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=560898"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/560898\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/560899"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=560898"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=560898"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=560898"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}