CoinTracker have just published a report comparing the prevalence of cryptocurrency ownership across many major cities in the United States. The crypto taxation tool has made this report based on user data that the company has been collecting since 2013.
The company found that the top four ranking cities (on average) Crypto portfolio sizes are all based in the San Francisco Bay area.
There were only four cities outside of California that were home to investors whose average crypto holdings were above $20,000 in the United States.
Such findings show a significant concentration from cryptocurrency investors in San Francisco and New York with their combined crypto user index roughly resulting to that of the next four highest-ranking cities combined.
With San Francisco Bay in the top United States city for cryptocurrency, in regards to the number of investors, it scored a user index of 100.
New York takes a silver medal for crypto investors and the density with the user index rating of 92. However, despite this it runs the six in the average value of holdings at nearly $23,000.
Taking the bronze medal is Los Angeles, which has the third biggest density of crypto investors with the user index of just over 57.