Cryptocurrency Exchange Adoption: A Literature Review

Abstract

Purpose: This paper aims to present studies related to cryptocurrency, highlight its adoption factors and supply applied methodology from recent research across various fields. Materials and Methods: In this review article, state-of-the-art of cryptocurrency adoption research are presented by merging literature from the subject of block chain, mobile banking and management information systems. Findings: Cryptocurrency exchange adoption has become increasingly widespread in various areas in recent years using both qualitative and quantitative methods. Recent research has expanded on the factors influencing the adoption of a cryptocurrency exchange such as effort expectancy, performance expectancy, facilitating conditions, social influence, privacy, security and trust. Research Limitations/Implications: Although research on cryptocurrency exchange adoption has gained attention during the last seven years, mediation or multi-group analysis still become interesting subject to be explored. Originality/Value: This article introduces cryptocurrency adoption for researchers that have not yet been exposed to the method. The article is the first to review the adoption factors of cryptocurrency.