Key Insights from the Coinbase Survey
- 60% of Fortune 500 companies are actively involved in blockchain projects.
- The survey highlights a surge in crypto usage, with one-third of small and medium-sized businesses (SMBs) in the U.S. now utilizing cryptocurrency, which is double compared to 2024.
- Over 80% of institutional investors are planning to enhance their crypto investments this year.
Overview
The future of digital currency is upon us. According to the second-quarter State of Crypto report from Coinbase (COIN), a significant 60% of Fortune 500 companies are pursuing blockchain initiatives. Notably, there has been an explosive growth of 54% in stablecoin supply year-on-year.
Adoption is projected to keep rising, with 20% of Fortune 500 executives indicating that blockchain initiatives are crucial to their corporate strategies moving forward. Additionally, 46% of SMBs that currently do not use crypto plan to adopt it within the next three years.
However, to unlock cryptocurrency’s full potential, clearer regulatory frameworks are essential. An overwhelming 90% of surveyed Fortune 500 executives believe that definitive crypto regulations in the U.S. are vital for fostering innovation.
Coinbase’s survey involved input from 100 Fortune 500 executives about their Web3 adoption and 251 decision-makers from small to medium-sized businesses in April.
