A recent survey by Kraken indicates that 79% of U.S. crypto users are willing to pay higher fees to use trusted exchanges. The survey, which included 1,000 participants, highlighted trustworthiness as the primary factor in choosing an exchange, with 26% of respondents prioritizing it over fees and security features. Despite the higher costs, users are increasingly prioritizing trust and security, likely influenced by past exchange failures such as FTX.
The survey also noted a significant rise in decentralized exchange activity, with monthly volumes reaching $478 million, marking a 259% increase compared to the previous year. This trend underscores a growing preference for secure and reliable trading platforms in the crypto community.
Kraken Survey Reveals 79% of U.S. Crypto Users Favor Trusted Exchanges
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