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89% Still Trust Centralized Custodians Despite 2022's Collapses

American crypto users haven’t lost their trust in “intermediaries” to hold their crypto, with a January survey from Paxos suggesting a majority of United States crypto hodlers still trust banks, exchanges and mobile payment apps to custody their assets. An annual online survey published on Mar. 7 by the stablecoin issuer conducted between Jan. 5 and Jan. 6 sought to understand how the crypto winter and “large industry fallouts” in 2022 — including FTX and Alameda Research — impacted consumer behaviour and confidence in the crypto ecosystem. Paxos noted: “2022 was a rollercoaster year for the crypto industry.” (Cointelegraph)

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