Bakkt Study Reveals Stable Interest in Crypto Despite FTXATM Marketplace Collapse

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December 29, 2022

Despite the collapse of cryptocurrency exchange FTX, interest in cryptocurrency among users has remained relatively stable, according to research by Bakkt Holdings Inc.

In his US Consumer Crypto Sentiment study of over 2,000 US consumers, there was a 7% drop in future considerations for those who already own cryptocurrency and a 2% increase for those interested in cryptocurrency. cryptocurrency, according to a press release.

This may be partly explained by the fact that only 33% of crypto curious said they remember reading information about cryptocurrencies, which would include stories about FTX. Other findings include:

71% and 70% of crypto owners said they were extremely or somewhat concerned about security and regulations. 84% said cryptocurrency is growing in popularity. 68% said cryptocurrency was the next big thing in finance. 61% of respondents said they did not understand enough cryptocurrency and 41% said they did not know how to invest in cryptocurrency. 76% said they would rate their main bank or credit union as very or somewhat trustworthy for buying cryptocurrency, compared to 46% for cryptocurrency platforms.

“The study results confirm that the cryptocurrency is increasingly attractive and is not significantly impacted by the recent failure of FTX. We do not see market exit signals,” Gavin Michael said. , CEO of Bakkt, in the statement. “Regulation and security emerge as top concerns and illustrate why Bakkt’s thoughtful approach to risk aligns with the values ​​and concerns of crypto owners.”

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