At 12th place globally, New York City came in fifth among the U.S. hubs in CoinDesk’s Crypto Hubs 2023. Many of the Crypto Hubs’ criteria were measured on a national basis, so all the U.S. hubs were hampered by a middling crypto regulatory score – part of the drivers category and the single-most heavily weighted factor overall at 35%. There were seven U.S. hubs in the initial 25-hub sample. All of them scored well in the enabler category for digital infrastructure (12%) and ease of doing business (10%) and opportunity measures including per-capita crypto jobs, companies and events (6% each). But New York’s high cost of living and congested traffic dragged it down, giving it a low quality-of-life score, which at 15% of the weighting was the second-most important criteria in our rubric.
