Over 2 million adults in UK now hold crypto, FCA survey finds

Cryptocurrency transactions are becoming more and more commonplace, and a new report from the Financial Conduct Authority (FCA) has found that the number of adults in the UK who understand the technology has doubled in the last year alone. According to the report, two million adults now hold crypto, up from just one million last year. The FCA’s findings extend to a wider understanding of blockchain technology, which saw a seven-fold increase in the UK over the same period.

The Bank of England’s Financial Conduct Authority (FCA) has published its latest report into digital currencies and the use of cryptocurrency. The report, which looked at the size of the UK’s crypto-using population, found that the number of adults who had used cryptocurrency had increased by more than 2 million between early 2017 and early 2018.

The UK’s Financial Conduct Authority (FCA) has published a report titled “Cryptoassets” looking at the views of UK adults on digital currencies, including around 2 million people who have bought cryptocurrencies. This is the first time the FCA has looked at its own survey data on the UK’s attitudes to cryptocurrencies, and the report concludes with some questions to be answered: why the surge in crypto-buying? What is driving the growth in cryptoassets? Is the FCA doing enough to monitor the market?. Read more about is cryptocurrency legal and let us know what you think.

A new study by the UK’s Financial Conduct Authority shows that the number of cryptocurrency holders in the country has increased significantly.

On Thursday, the FCA released the results of a consumer survey that showed 2.3 million British adults now own crypto assets, up from 1.9 million last year. In addition to the increase in the number of cryptocurrency investors, the study also showed a dramatic increase in cryptocurrency ownership, with average ownership rising from £260 ($370) in 2020 to £300 ($420).

With the rising popularity of cryptocurrencies, awareness of them has also increased: 78% of adults say they have heard of cryptocurrencies, up from 73% last year.

Source: FCA

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