Crypto Craze: Even the Suits Are Doing It! 🤯

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What to know:

  • Sixty percent of those chaps in the Fortune 500 are fiddling about with blockchain projects, according to some survey by Coinbase. One wonders if they actually understand it or just like the sound of the word. 🤔
  • Turns out, a third of those small and medium-sized businesses in the U.S. are now using crypto. That’s double what it was last year! Probably still trying to figure out how to expense it. 💸
  • More than 80% of those institutional investor types are planning to throw more money at crypto this year, the report says. One can only assume they’ve got more money than sense. 🤷‍♂️

The future of money, they say, has arrived. Apparently, 60% of the Fortune 500 are dabbling in blockchain initiatives. Digital asset exchange Coinbase (COIN), bless their cotton socks, announced this in their second quarter State of Crypto report, published on a Tuesday, no less. As if Tuesdays weren’t gloomy enough already.

Stablecoin usage is, and I quote, “exploding” with a 54% growth in supply year-on-year. More than a third of small and medium-sized businesses (SMB) are using crypto, and, just to reiterate in case you missed it the first time, 60% of Fortune 500 companies are playing with blockchain projects. It’s like watching a bunch of cats trying to herd themselves. 😹

Adoption is expected to continue to grow, because of course it is. Twenty percent of Fortune 500 executives reckon that onchain initiatives are a key part of their company’s strategy moving forward. More than 80% of institutional investors plan to increase their exposure to crypto this year. It’s all very exciting, isn’t it? Or terrifying. One of the two. 😨

Forty-six percent of small and medium businesses who aren’t using crypto are planning to jump on the bandwagon in the next three years. And 82% of these companies think this technology could help address some of their “financial pain points.” Which is corporate speak for “we’re hoping it’ll magically solve all our problems.” 🤞

Still, for crypto to reach its full potential, we need greater regulatory clarity. Because nothing says “innovation” like a load of rules and regulations. 90% of F500 execs surveyed said that clear crypto regulation in the U.S. is needed to support innovation. Which probably means they want someone else to blame when it all goes pear-shaped. 🍐

Coinbase, in their infinite wisdom, used third-party research firms to survey 100 Fortune 500 executives about their adoption of Web3, and 251 decision-makers at small and medium-sized businesses in April. They also analysed web3 initiative activity by Fortune 100 companies between 2020 and 2025. Because nothing says “accurate data” like surveying a tiny fraction of the people involved. 📊

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2025-06-10 16:27