60% of Fortune 500 Companies Pursue Blockchain Initiatives According to Coinbase

According to Coinbase's second quarter State of Crypto report:

  • 60% of Fortune 500 companies are pursuing blockchain initiatives.
  • Stablecoin supply has increased by 54% year-on-year.
  • One third of small and medium-sized businesses (SMBs) are utilizing crypto.
  • 20% of Fortune 500 executives view onchain initiatives as essential to their strategy.
  • Over 80% of institutional investors intend to raise their crypto exposure this year.
  • 46% of SMBs not currently using crypto plan to adopt it within three years.
  • 82% of these SMBs believe crypto can alleviate financial issues.
  • 90% of surveyed Fortune 500 executives advocate for clear crypto regulations in the U.S. to foster innovation.

The findings are based on surveys conducted with 100 Fortune 500 executives and 251 decision-makers from SMBs, alongside an analysis of Fortune 100 companies' web3 activities from 2020 to 2025.