Cryptocurrency has become increasingly popular in the UK over the past few years, with many people investing in digital assets like Bitcoin, Ethereum, and Dogecoin.
This article will delve into the latest cryptocurrency statistics in the UK, including the number of people who own cryptocurrency, the most popular digital assets, and how people are using these assets for payments.
We’ll also look at how the pandemic has affected the adoption of cryptocurrency in the UK and what the future may hold for this rapidly evolving market.
Table of Contents
- It is estimated that 4.2 million people, 6.2% of the United Kingdom’s total population, currently own cryptocurrency.
- Bitcoin remains dominant, holding a 60% share of the cryptocurrency market.
- Coinbase has more than 100,000 daily active users in the UK.
- Online news plays a key role in introducing over a fifth of Britons to crypto.
- The majority of cryptocurrency owners (60%) store their assets on exchange platforms.
- Around 500 businesses in the UK currently accept cryptocurrency as a payment method.
- Coinbase is the most popular cryptocurrency exchange in the UK.
- The majority of cryptocurrency owners in the UK (33%) are in the 18-34 age group.
Cryptocurrency Statistics UK Table
|Crypto ownership rate in the UK||6.1% (as of March 2022)|
|Global crypto ownership rate||15.5%|
|Brits who have bought cryptocurrency||19%|
|Increase in UK cryptocurrency users||103% since 2018|
|The main reason for avoiding crypto||Future influence (23%)|
|Brits with no intention to buy crypto||71%|
|The second most common reason for avoiding||No interest (41%)|
|Men in the UK who own crypto||Too risky (31%)|
|Men in the UK who own crypto||8.3%|
|The second most common reason for avoiding||3.9%|
|The second most common reason for avoiding||68%|
|Women in the UK who own crypto||32%|
|18-24 year-olds intending to invest||21%|
|25-34 year-olds intending to invest||16%|
|35-44 year-olds intending to invest||12%|
|45-54 year-olds intending to invest||9%|
|55+ year-olds intending to invest||6%|
|Crypto holders who first invested in 2020||25%|
|Crypto holders who first invested in 2021||19%|
|The most popular reason for buying crypto||Future influence (23%)|
|Potentially concerning reasons for buying crypto||Easy way to make money (19%)|
|The main reason for avoiding crypto||No interest (41%)|
|Second most common reason for avoiding||Too risky (31%)|
|Recognition of Bitcoin in the UK||82%|
|The second most common reason for avoiding||14%|
|Recognition of Ripple in the UK||5%|
|Recognition of Litecoin in the UK||9%|
In conclusion, cryptocurrency ownership and usage in the UK have seen significant growth in recent years.
With millions of people owning and trading various digital assets, it is clear that cryptocurrency is becoming more mainstream in the country.
While there are still challenges and uncertainties surrounding the regulatory landscape, it is clear that the UK is a significant player in the global cryptocurrency market, and it will be interesting to see how this trend develops in the coming years.
Check out my guide on the best crypto exchanges in the UK.
How many people own crypto in the UK?
6.2% of UK adults currently own cryptocurrency in the UK (approximately 4.2 million people).
Who owns crypto in the UK?
Cryptocurrency statistics in the UK say that 8.3% of men in the UK own crypto assets. This is compared to 3.9% of women.
What is the number 1 crypto in the UK?
The number 1 crypto in the UK is Bitcoin, which holds a 60% share of the cryptocurrency market.