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Study: Most Encrypted US State Is Florida

December 10, 2022
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Research conducted by Invezz identified Florida as the cryptocurrency capital of the United States due to its active participation in the emerging crypto economy. Miami has one of the highest number of Bitcoin ATMs per capita at 14.63 per 100,000 people and one of the highest rates of public interest in cryptocurrencies with 210.28 Google searches per 1,000 people for the topic of cryptocurrencies .

In terms of cryptocurrency rankings, Florida received the highest score of 9.35, followed by Texas and Illinois at 8.71 and 8.03 respectively. Vermont is the only state in the US without Bitcoin ATMs.

Texas, on the other hand, has 4,101 ATMs, the largest network of encrypted ATMs in the United States. Crypto-friendly jurisdictions such as Wyoming have the most blockchain companies per 100,000 people at over 20, while California has the most total at 2,670.

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