FCA Research Says 2.6 Million UK Residents Have Bought Crypto
The United Kingdom’s Financial Conduct Authority estimates that roughly 2.6 million UK consumers have bought cryptocurrency “at some point.” The United Kingdom’s Financial Conduct Authority estimates that roughly 2.6 million UK consumers have bought cryptocurrency “at some point.” On June 30, the FCA published the results of its latest research into how consumers interact with crypto markets in the UK It found that 1.9 million people — 3.86% of the general adult population (18+) — currently own cryptocurrency. This presents what the FCA considers to be a “statistically significant increase,” up from 3% in the last FCA consumer research report in 2019. The increase brings the total number of UK consumers who have ever held cryptocurrencies at any point up from 1.5 million to its current estimated figure of 2.6 million. Aside from the marked uptick in crypto owners, awareness of the industry appears to be on the rise — 73% of adults have heard of cryptocurrencies, as compared with 42% last year. Further breakdown of the watchdog’s findings The FCA’s research indicates that 75% of the 1.9 million currently holding crypto hold under £1,000 ($1,229) worth.
Coin Telegraph - 30th Jun 12:06