A report published by ZeroHash on Tuesday highlights the new wave of crypto adoption is being inspired by a perception of renewed trust in the sector.
Crypto went through a very challenging time in 2022 as the bull market was followed by the bear, and several leading lights in the industry were found to be wanting, as fraudulent bad actors came to the fore, leading to an all time low in trust and confidence in exchanges and other players in the crypto sector. Ryan Grace, Head of Digital Assets, tastytrade said:
“Trust is so important in crypto given the uncertainty of the nascent industry, the evolving regulatory landscape, and the perception that crypto is the ‘Wild West,’ given some industry participant’s recent failures to put customer interests ahead of their own.”
However, as 2023 has progressed the crypto industry has started to see a renewed growth in trust and optimism, with more consumers now wanting to include crypto in their portfolios.
According to the ZeroHash r
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