89% still trust centralized custodians despite 2022's collapses: Survey

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89% still trust centralized custodians despite 2022's collapses: Survey
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American crypto consumers still want to deal with traditional banks and intermediaries to buy and store their crypto despite last year's high-profile collapses, a Paxos survey has found.

published on Mar. 7 by the stablecoin issuer conducted between Jan. 5 and Jan. 6 sought to understand how the crypto winter and “large industry fallouts” in 2022 — including FTX and Alameda Research — impacted consumer behavior and confidence in the crypto ecosystem.

After a turbulent end to 2022, crypto consumers have remained confident for 2023. We conducted a consumer survey and found many reasons why crypto is still viewed as a primary staple for financial livelihoods. Read our full survey here:

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