North America Blockchain and Cryptocurrency Market 2022: Bitcoin and Ethereum Among Crypto Users’ Most Favorite Cryptocurrencies, November 2022 – ResearchAndMarkets.com

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DUBLIN–(BUSINESS WIRE)–The North America Blockchain and Cryptocurrency Market 2022 report has been added to ResearchAndMarkets.com’s offering.

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

Cryptocurrency usage and ownership is growing across Canada

While the cryptocurrency market is growing in the United States, the Canadian market is no exception to this trend. The global average of consumers who owned cryptocurrency was some percentage points higher than Canada in 2021, nonetheless, Canada is catching up with nearly one in ten consumers owning cryptocurrency in 2021, according to the report. On top of that, Bitcoin and Ethereum were among the most preferred cryptocurrencies among crypto users in November 2022.

When it comes to the top reasons for investing in cryptocurrency, for more than half of buyers, making a profit even when at risk was the top reason, with nearly another half of survey respondents saying that they were investing to support the decentralized financial system. philosophy of the system and to be part of something innovative. Additionally, the share of men who reported using crypto in November 2022 was higher than that of women, as the publication reports.

The United States is at the Forefront of Implementing Tougher Cryptocurrency Regulations Amid Cryptocurrency Market Crash

The adoption of cryptocurrency around the world is increasing dramatically, and the United States is no exception to this trend. Although nearly three-quarters of adults surveyed in the United States had never traded, invested or used cryptocurrency in July 2022, the expected number of adults owning and using cryptocurrency is expected to double by 2023 , as the report reveals. Enthusiasm for owning and investing in cryptocurrency in the United States is highest among the 25-34 age group. As the crypto market grew, the United States witnessed stricter government regulations regarding cryptocurrencies. For example, the country recently saw the implementation of the Responsible Financial Innovation Act, which explains in detail the rules and regulations of the cryptocurrency market.

Furthermore, the US government has also implemented the Crypto Regulation Bill as a strict cryptocurrency policy measure. However, the decline in the value of the global cryptocurrency market from the spring of 2022 also led to a loss of investor sentiment and a negative asset price movement in North America. Furthermore, the crypto market in the region witnessed slow growth in investment and funding in the first half of 2022, with the investment scenario in the cryptocurrency market expected to face ongoing challenges in the second half of 2022. due to the crash.

Inflation in the US economy along with slowing global economies further triggered the crypto slide. Moreover, the cryptocurrency market has remained relatively stable with no signs of growth since June 2022. Apart from that, the collapse of FTX and the decision of the American cryptocurrency company Celsius to freeze withdrawals have further contributed to the fall of the crypto market.

Key questions covered

What are the top reasons Americans invest in cryptocurrency? What were the top reasons among Canadian adults for not investing in cryptocurrency? What was the most preferred method of making crypto investments among crypto users in Canada?

Main topics covered:

1. Management Summary

2. Global developments

3. Bank Activity and Trends

4. North America

Companies cited

Ally Amazon Apple Asian Bank Goldman Sachs HSBC JPMorgan Chase MasterCard Meta Morgan Stanley PayPal Royal Bank of Scotland Square Visa Walmart

For more information about this report visit https://www.researchandmarkets.com/r/h56nqn

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