A new report reveals that crypto exchanges rank as the least trusted financial service for non-crypto users. This finding comes despite growing interest in cryptocurrencies from both existing crypto owners and non-owners.

The report by CoinCover, called Securing the Future of Cryptocurrencies, surveyed over 16,000 people across nine countries. It found high levels of distrust towards crypto exchanges compared to traditional financial institutions.

Crypto Exchanges Less Trusted Than Buy-Now-Pay-Later Services

Among non-crypto users, only 10% said they completely trust crypto exchanges. This compares to 24% who completely trust commercial banks.

Crypto exchanges were even less trusted than buy-now-pay-later services like Klarna, which have been accused of pushing young people into debt with frivolous purchases. Unfortunately for the industry, crypto exchanges like Binance and Coinbase are also less trusted than credit card companies. Institutions that do not exactly have a stellar reputation.

Crypto exchanges were the least trusted of all financial institutions in a survey.
Source: CoinCover

This distrust stems largely from recent instability and
Go to Source to See Full Article
Author: Josh Adams

Did you like this?
Tip BTC Newswire with Cryptocurrency

Donate Bitcoin to BTC Newswire

Scan to Donate Bitcoin to BTC Newswire
Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate Bitcoin Cash to BTC Newswire

Scan to Donate Bitcoin Cash to BTC Newswire
Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate Ethereum to BTC Newswire

Scan to Donate Ethereum to BTC Newswire
Scan the QR code or copy the address below into your wallet to send some Ether:

Donate Litecoin to BTC Newswire

Scan to Donate Litecoin to BTC Newswire
Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate Monero to BTC Newswire

Scan to Donate Monero to BTC Newswire
Scan the QR code or copy the address below into your wallet to send some Monero:

Donate ZCash to BTC Newswire

Scan to Donate ZCash to BTC Newswire
Scan the QR code or copy the address below into your wallet to send some ZCash:

BTC NewswireAuthor posts

BTC Newswire Crypto News at your Fingertips

Comments are disabled.