The report ranked various states of the United States on various factors.
The adoption of crypto in a particular area depends upon many factors. A vibrant crypto community, infrastructure to support crypto, and public support are some aspects of increasing crypto adoption. In a recent report, Florida in the United States emerged as the most ‘crypto-ready’ state in the U.S. The report also delves into other factors, such as the number of Bitcoin ATMs and blockchain startups, to judge and rank various states. A comprehensive list of rankings was released based on the different factors.
Being a hub of crypto adoption in the world, the United States holds immense potential for the future of the crypto industry. The report revealed that Florida held a host of reasons for being so popular with crypto adoption. It had the highest Bitcoin ATMs per person in the country, coupled with the high public interest in crypto. The Mayor of Miami was a crypto-savvy person, and the state imposed no taxes in the state from gains in crypto.
Florida was followed by Texas and Illinois in rankings for crypto adoption, while Vermont, West Virginia, and Montana were the least ready to adopt crypto. Texas had the highest Bitcoin ATMs in the country, while California had the most startups in the crypto space.