JPMorgan Chase Research on ‘Dynamics and Demographics’ of US Household Crypto Use

Earlier this month, JPMorgan Chase released a research report titled “The Dynamics and Demographics of U.S. Household Crypto-Asset Use.” This report “uses de-identified data covering a sample of nearly 5 million active checking account customers, over 600 thousand of which have conducted transfers to crypto accounts.” These were the four main findings: “Most crypto users made their first transactions during spikes in crypto-asset prices… Usage of crypto is broader and deeper for men, Asian individuals, and younger individuals with higher incomes… “Crypto holdings for most individuals are relatively small—as median flows equal less than one week’s worth of take-home pay—but