Americans still prefer banks over crypto for financial access, CoinDesk's survey shows

70% of Americans favor banks over crypto for financial access, driven by security concerns and distrust of crypto volatility.

Key takeaways

• Why Do Most Americans Still Trust Banks More Than Crypto for Financial Services?
• Seventy percent of American voters say they’d rather keep their financial lives tied to banks than test the waters with cryptocurrencies, even as digital assets grab h...
• There’s more at play than mere habit. Americans have spent decades—sometimes generations—building relationships with banks, which are backed by FDIC insurance and stri...
• Banks weathered the 2008 financial crisis and, for better or worse, emerged as pillars of the financial system. Crypto, by contrast, is still seen as a riskier bet: th...

👉 Read the full breakdown on MLXIO

Canonical source: https://mlxio.com/crypto/americans-prefer-banks-over-crypto