Document Type
Journal Article
Publication Title
Electronic Markets
Volume
34
Issue
1
Publisher
Springer
School
School of Business and Law
Abstract
The proliferation of cryptocurrencies has contributed to the emergence of different cryptocurrency exchanges (crypto-exchanges). While these services may be regarded as FinTech, involving cryptocurrency as the major transaction currency has made these services potentially distinctive from other fiat-based FinTech services. Thus, the critical success factors of crypto-exchanges may not be identical to those of other fiat-based FinTech services. Grounded on theories related to FinTech and service varieties, we developed a survey and explored the role of different factors on users’ continuous intention of adopting the crypto-exchanges. Our results suggested that when users perceive specific crypto-exchange characteristics, they are more likely to adopt the exchange continuously. Combining previous literature, we name this set of factors “LAS-VICT principle”, including low user-burden, asset-light, scalability, variety, innovativeness, scalability, and transparency. However, users’ emphasis on factors may differ based on their cryptocurrency experience. Based on our findings, we provided some theoretical and practical implications.
DOI
10.1007/s12525-024-00721-3
Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 License.
Comments
Au, C. H., Ho, K. K., Law, K. M., & Chiu, D. K. (2024). Critical success factors of users’ continuous intention of adopting cryptocurrency exchanges: LAS-VICT principle. Electronic Markets, 34(1), 43. https://doi.org/10.1007/s12525-024-00721-3