According to a recent report by Paxos experts, despite the downfall of several prominent cryptocurrency firms, centralized platforms still remain a trusted source for users to store their funds.
The study, conducted by Paxos analysts on January 5-6, aimed to gauge market sentiment after a challenging year for the crypto industry in 2022.
The year saw major setbacks such as the collapse of FTX exchange and Alameda Research.
Despite these events, many cryptocurrency owners are optimistic about the industry’s growth in 2023, as cryptocurrencies continue to be seen as a reliable investment.
In fact, it has been reported that 20% of Americans currently own digital assets, with 76% of them believing in the future of blockchain technology.