19% of New York state residents who participated in a study commissioned by crypto exchange Coinbase owned crypto.
A Coinbase report series highlighting crypto innovation at the state level in the United States has recently published its fourth edition, which features New York. The report highlighted various milestones the state reached regarding crypto adoption.that 19% of New York residents who participated in the study own cryptocurrencies. Additionally, one in three New Yorkers agreed that crypto makes the financial system fairer and described it as a “worthwhile investment for the future.
As crypto adoption grows in New York, state regulators are improving their capacity to supervise digital currencies. On Feb. 21, the New York State Department of Financial Services to detect crypto-related illegal activities. According to the announcement, the department will have additional capabilities in detecting insider trading, market manipulation and front-running activities.
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