Report: Crypto Funding Wealth is highest within the San Francisco Bay Space


Crypto tax device CoinTracker has launched a report evaluating the prevalence of cryptocurrency possession in main cities throughout the USA. The report relies on person knowledge that CoinTracker has collected since 2013.

CoinTracker discovered that the 4 top-ranked cities with a median dimension of the crypto pockets are all within the San Francisco Bay Space in California, with San Francisco at about $ 55,000, adopted by Palo Alto at $ 39,000, Oakland at $ 35,000, and San Mateo at $ 30,600.

Solely 4 cities outdoors of California are house to traders with common crypto holdings above $ 20,000 in the USA – with traders in Seattle, New York, Tampa and Pittsburgh averaging between $ 27,000 and $ 21,000.

Investor focus

The findings additionally present a big focus of crypto traders within the cities of San Francisco and New York – with their mixed & # 39; crypto person index & # 39; which is roughly equal to that of the next 4 highest ranked cities mixed.

San Francisco is the biggest U.S. crypto metropolis by variety of traders, scoring a person index of 100.

New York ranks second for the density of crypto traders with a person index of 92, however ranks sixth with the common holding worth at practically $ 23,000.

Los Angeles has the third largest density of crypto traders with a person index of 57.2, adopted by Chicago with 48.Eight and Seattle with 39.7.

Ashburn, Virginia tops the rankings of per capita crypto holders

Regardless of comprising a small city of 43,000 in Virginia, Ashburn tops the record for crypto property density when rated per capita.

Regardless of the small inhabitants, Ashburn has been described because the & # 39; middle of the Web & # 39;, with 70% of Web visitors passing via town, which additionally has the fourth largest knowledge middle density in the USA.

Redmond in Washington, a metropolis outdoors of Seattle and the 'biking capital of the northwest', has the second highest variety of crypto traders per capita, adopted by San Francisco.

79% of US crypto wealth is held in Bitcoin or Ether

Bitcoin (BTC) investments comprise 50.3% of the crypto portfolios of CoinTracker customers, adopted by Ether (ETH) at 28.7%.

Tether (USDT) is in third place with 4.1%, adopted by Litecoin (LTC) at 3.3%, Ripple (XRP) at 3.1%, Chainlink (LINK) at 1.9% and Bitcoin Money (BCH) and Tezos (XTZ) with 1.7% every.

The eight hottest crypto belongings comprise 94.8% of the U.S. digital foreign money positions mixed, whereas all different crypto belongings every symbolize lower than 1% of the overall capital within the cryptocurrency markets.

Ether investments outweigh the Bitcoin holdings of traders in San Diego, Nashville, Seattle, Boston, San Francisco and The Bronx – with Ether comprising over 50% of the crypto wealth in every metropolis.

Buyers primarily based in Redmond, San Antonio, Atlanta and Fremont have allotted most of their crypto capital to markets apart from BTC or ETH.

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