Number goes up: A third of Brits have bought crypto, says Coinbase report

Bitcoin (BTC) number spell up technology is boosting crypto adoption successful the United Kingdom. More and much Brits are buying cryptocurrency according to a Coinbase probe portion carried retired by Qualtrics.

The cardinal takeaways bespeak that 33% of British radical ain crypto, up from 29% successful October 2021. Plus, implicit half, oregon 61%, of those surveyed mean to summation their holdings implicit the adjacent 12 months.

The study besides highlighted that Bitcoin is the king of crypto among U.K. consumers arsenic it is the astir commonly owned cryptocurrency. Ethereum (ETH) is held by 52% of those surveyed with Dogecoin (DOGE) and Binance Coin (BNB) astatine 34% and 33% respectively.

It’s not the retail marketplace that’s funny successful crypto: Her Majesty’s Treasury besides appears to beryllium sticking astir despite sluggish Bitcoin terms action. HM Treasury’s determination to make a royal NFT by the summertime caught the crypto community’s attraction successful April, amidst treatment surrounding stablecoin regularisation successful the U.K.

— HM Treasury (@hmtreasury) April 4, 2022

A Coinbase spokesperson told Cointelegraph that the colonisation of 67 cardinal Brits creates a “leading European hub of crypto investment,” item that determination is simply a increasing proportionality of radical engaging with these assets.

"Recent survey enactment suggests that the adoption inclination whitethorn continue, with galore sharing ambitions to grow the size and diversification of their portfolios."

Adding a enactment of caution, the spokesperson suggested that “it is wide that determination is much enactment to beryllium done astir boosting knowing and consciousness of these assets.”

Related: Home saccharine hodl: How a Bitcoiner utilized BTC to bargain his ma a house

An experienced Financial Conduct Authority (FCA) worker precocious took up a station astatine the integer assets department, in bid to enactment the government’s “vision for crypto.”

Cointelegraph has compiled an investigation of changes to the U.K.’s fiscal and crypto scenery successful airy of the caller changes to the FCA’s crypto stance.