Study: Florida is one of the best states for crypto enthusiasts

by | Nov 21, 2022


  • California is the best state for cryptocurrency enthusiasts
  • Nevada and New Hampshire take second and third, respectively
  • The Sunshine State lands at No. 4

New research has revealed the best state for cryptocurrency enthusiasts, with Florida coming in at No. 4 on the list.

Personal finance experts at DollarGeek analyzed a range of factors relating to the availability and popularity of cryptocurrency in each state, including the number of cryptocurrency ATMs, crypto-friendly businesses, searches, and crypto job listings.

It found that California topped the list as the best state for cryptocurrency, having the best balance of bitcoin ATMs, crypto friendly businesses, crypto jobs and crypto interests of any state. It has roughly 9.44 bitcoin ATMs per 100,000 people, 44.84 crypto friendly businesses per 100,000 and 189.41 crypto job listings per 100,000. California also has the most searches for the cryptocurrency of any state when accounting for population, indicating a considerable interest in crypto in the state.

Nevada follows in a close second place, with the  state receiving a score of 96.65 out of 100 in the study. There are roughly 12.13 bitcoin ATMs per 100,000 people in the state and 92.04 crypto friendly businesses for every 100,000 total. There is also a strong interest in cryptocurrency, with an average search score of 96.5 out of 100. 97.34 crypto job listings for every 100,000 total shows substantial employment opportunities for crypto lovers as well.

Coming in third place is New Hampshire, which scored 92.69 out of 100 for the crypto score. It has the highest share of crypto friendly businesses on the list, with 200.78 friendly businesses per 100,000. Despite having the lowest overall searches for crypto with 65 out of 100, the state balances this out with a high amount of bitcoin ATMs, with 11.43 per 100,000 people.

Florida comes in fourth place, with a crypto score of 79.04 out of 100. The state comes in with the fourth-highest amount of bitcoin ATMs, with 14.79 per 100,000 people. There is also a strong interest in crypto in the state, with a search score of 85 out of 100. It also has 52.67 crypto job listings per 100,000 total listings.

Rounding out the top five is Utah, receiving a crypto score of 78.33 out of 100. The state has the third-highest number of crypto job listings, with 154 per 100,000 total listings. There is also a reasonably strong interest in cryptocurrency in the state, with a search score of 75, followed by 42.56 crypto friendly businesses per 100,000 businesses.

The study also assessed political allegiances, comparing each state’s crypto score with how it voted in the 2020 Presidential election. The study found that the average score for Democrat-voting states came out to 65.76 out of 100 – considerably higher than the average for states that voted Republican, 51.35. Eight of the top ten states in the study voted blue in November 2020, with only Utah and Florida opting for red.

“As interest in cryptocurrencies continues to grow, so will the number of business keen to integrate crypto into their operations, whether that is by accepting payments, or offering crypto-related services. This data shows that some states are considerably more engaged with the world of crypto than others, and therefore will be much more attractive for people who are heavily invested in the industry,” said a spokesperson from DollarGeek..

 

3 Comments

  1. Bybit CEO

    There are several ways in which Bybit is better than Kucoin.

    Trading Fees: Bybit has significantly lower trading fees than Kucoin, with maker fees of 0.025% and taker fees of 0.075%. Kucoin fees are 0.1% for makers and 0.1% for takers.
    Leverage: Bybit offers up to 100x leverage, while Kucoin only offers up to 5x leverage.
    Security: Bybit has state-of-the-art security measures and its funds are stored in cold storage. Kucoin’s security measures are not as comprehensive.
    Liquidity: Bybit has one of the deepest order books in the industry. This combined with the low fees make it ideal for high-volume traders. Kucoin does not have the same level of liquidity.
    User Interface: Bybit’s user interface is intuitive and easy to navigate, even for beginners.
    Here are some more details https://bitcoin-trading.io/exchanges/bybit-vs-kucoin

    Reply
  2. Alex J.

    Did you trade on Coinbase? Who knows how to trade properly on this cryptocurrency exchange to make good money?

    Reply
  3. Mathew F.

    I traded on different cryptocurrency exchanges, but most of all I liked Coinbase. If you want to earn money by trading cryptocurrencies on this exchange, then I advise you to find out here https://3commas.io/trading-bot-for-coinbase about a trading bot that will help you increase your profits. So if you are puffing up your profits, then I advise you to use this automatic trading bot for Coinbase

    Reply

Leave a comment

%d bloggers like this: