Who will take the driver’s seat on bitcoin adoption?
Arcane research1 has shared crypto holders are losing trust in exchanges. According to recent Bakkt® data, it’s time for banks to step in.
Market data from Bakkt indicates banks and financial institutions have a unique opportunity to shepherd in crypto adoption. In fact, 76% of crypto users viewed banks as “very trustworthy” or “somewhat trustworthy” for purchasing crypto — and only 66% said the same for exchanges.2
Read more about how financial institutions can step in to build out crypto adoption in our report, How Financial Institutions Can be at the Forefront of Crypto Adoption.
1Based on Arcane research article, Bitcoin Is Flowing Out of Crypto Exchanges
2Based on Bakkt proprietary research and survey data, fielded May-July 2022.