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California Identified as the Biggest Crypto Market in the US; Recent Study Reveals

Analysis of online search trends has revealed California to be the United States’ biggest crypto market, generating the most engaged region for digital assets. 

The research, conducted by the online casino and sportsbook operator JeffBet, analysed online search data, covering a period of 12 months, comparing searches for 20 cryptocurrency-related keywords across each one of the country’s 50 states. The comprehensive trend searches were then weighed and scored to reveal each state’s crypto market score.

The data showed that California records the highest levels of cryptocurrency interest in the US, with a crypto market score of 10 out of 10 across all search terms.

The Golden State recorded the highest rates of interest for the words ‘cryptocurrency’, ‘crypto’, ‘dogecoin’, ‘Coinbase’, ‘tether’, ‘cardano’ and ‘binance’, placing it at the top of the rankings.

Neighbouring Nevada came in second place with 9.19, which is 50 per cent higher than the average score of 6.19 all over America. Nevada has the highest search trends for a quarter of all the twenty terms. These include ‘bitcoin’, ‘shiba inu coin’ and ‘TRON’.

With the highest search levels for ‘lido’, the liquid staking solution for ethereum, Florida is America’s third-biggest crypto market, with a score of 9.01.

In fourth place is New Jersey, with a crypto market score of 8.93, with Washington coming behind with a score of 7.93. New Jersey has the highest search interest for ‘ethereum’ with Washington showing its highest trend search in ‘cryptocurrency’. The state has more appetite for ‘cryptocurrency news’ and ‘shiba inu coin’ than New Jersey.

In sixth place is New York, with a score of 7.68, and some of the highest search levels for ‘blockchain’.

Rhode Island comes in seventh, with a crypto market score of 7.54.

In eighth place, with a score of 7.44, is Hawaii, followed by Arizona in ninth place with 7.25, and Massachusetts in tenth, scoring 7.18.

“There are more than 9,500 cryptocurrencies in existence and the top 20 coins account for 87 per cent of the market,” comments a representative of JeffBet. “It is fascinating to see the states with the most appetite for the market, with those in the top ten showing consistently high levels of interest in a wide range of crypto-related search terms.”

The States with the biggest cryptocurrency market in the US

RankStateCrypto Market Score
1California10.00
2Nevada9.19
3Florida9.01
4New Jersey8.93
5Washington7.93
6New York7.68
7Rhode Island7.54
8Hawaii7.44
9Arizona7.25
10Massachusetts7.18

Author

  • Tyler is a fintech journalist with specific interests in online banking and emerging AI technologies. He began his career writing with a plethora of national and international publications.

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