Coinbase Study: Cryptocurrency Is the Next Big Thing in Educational Institutions

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by Azeez Mustapha · 3 min read
Coinbase Study: Cryptocurrency Is the Next Big Thing in Educational Institutions
Photo: The Coinbase Blog

According to a recent study by Coinbase on higher education, the adoption of academic courses on digital currencies and the underlying blockchain technology by top institutions around the world is on the rise.

A Coinbase‘s survey was carried out on the top 50 universities in the world (i.e., according to the U.S. News And World Report) which noted that 56 percent of these universities now offer courses on the decentralized technology, which is 10 percent higher than the previous year’s percentage which was at 46 percent. This increase shows that the adoption of this technology by institutions is on the rise.

Cornell University, which is one of the youngest Ivy League members with a $7.23 billion endowment, is at the vanguard of cryptocurrency education. It offers about 30 different courses on cryptocurrencies, cryptography and Blockchain technology.

It is no surprise that many Cornell University alumni are leaders in the cryptocurrency industry today.

Emin Gun Sirer, who is currently an associate professor of computer science at Cornell University, is one of the most reputable Blockchain experts. He recently rolled out his digital currency which was funded by venture capital giants, Andreessen Horowitz.

Other top educational institutions at the forefront of cryptocurrency education are the Massachusetts Institute of Technology (MIT) and New York University. École Polytechnique of France is the only non-US university in the top 5 list.

More On The Survey

According to another survey carried out by Coinbase in association with Qriously on 732 students over the age of 16, results showed that 249 students which are 34 percent of the subjects, showed interest in studying digital currency. This number is 6 percent higher than the same survey carried out last year.

Also, 18 percent of students around the world took a class in crypto or blockchain. This figure was 9.4 percent last year.

Importantly, Coinbase made sure to mention that these were not just regular cryptocurrency classes but that 70 percent of these classes were observed by other departments, especially engineering, law, economics, and finance departments.

Coinbase also mentioned that 41 out of the 50 universities had student-run clubs related to cryptocurrency and other blockchain technology. In a statement by Nina Willforf, the Director of Content and Editorial at Coinbase, the increasing interest of students to study digital currencies at colleges and universities says a lot about the future of money.

She also added that a good number of the best universities in the world are looking into several other ways to meet the rising demand on the study of cryptocurrency which will set graduates up for success.

Coinbase conducted their analysis using surveys such as official research initiatives, organized interviews with professors and students and collation of research citations from all 50 universities, including data from Google Scholar.

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Azeez Mustapha
Technical Writer Azeez Mustapha

Azeez Mustapha is a specialist in Computer Studies (including DTP), Forex and Crypto trading professional. Being expert technical and currency analyst, as well as experienced fund manager and author of several books, Azeez places strong focus on crypto market studies conducting comprehensive price analyses and sharing forecasts of presumptive market trends.

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