Title: Meta-analysis of cryptocurrency adoption literature: an investigation of individual and contextual moderators

Authors: Mohit Verma

Addresses: Indian Institute of Management Sambalpur, Odisha, India; Centre for Advancing Research in Management and Law, JGLS, O.P. Jindal Global University, Sonipat, India

Abstract: This paper synthesises the fragmented and conflicting findings of 29 quantitative studies on cryptocurrency adoption behaviour using a meta-analysis approach to generalise the hypothesised associations. Accordingly, the most significant antecedents of cryptocurrency adoption behaviour are perceived usefulness, ease of use, social influence, perceived behavioural control, attitude, trust and personal innovativeness. The moderator analysis confirms that the countries' cultural dimensions, economic development, and innovativeness level, impact conceptual relationships. Furthermore, the COVID-19 pandemic increased the magnitude of association between perceived usefulness, perceived risk, perceived behavioural control and behavioural intention. This study is one of the initial meta-analyses on cryptocurrency literature, aimed to advance the literature by adding a comprehensive understanding of antecedents that influence behavioural intention to adopt cryptocurrencies. The results of these studies have implications for both the academicians and as well as for the practitioners interested in promoting cryptocurrency and theoretical underpinning for future researchers.

Keywords: cryptocurrencies; technology acceptance model; meta-analysis; COVID-19; investors' behaviour.

DOI: 10.1504/IJEF.2025.147220

International Journal of Electronic Finance, 2025 Vol.14 No.3, pp.373 - 394

Received: 16 Mar 2023
Accepted: 23 Jul 2023
Published online: 14 Jul 2025 *

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