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

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

American crypto users haven’t lost their trust in “intermediaries” to hold their crypto, with a January survey from Paxos suggesting a majority of United States crypto hodlers still trust banks, exchanges and mobile payment apps to custody their assets.

An annual online survey 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. Paxos noted:

“2022 was a rollercoaster year for the crypto industry.”

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“Ranging from some of the highest Bitcoin prices ever to some of the lowest, largescale industry fallouts from companies like Terra, FTX, Alameda Research, and more — it was

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