LONDON, NOV 26 – About seven million adults in the United Kingdom (UK) own crypto assets, according to estimates from the country’s financial regulator. One in eight or 12 percent of adults in the UK own cryptocurrencies, up from 10 percent (around 5 million adults) in 2022, according to the Financial Conduct Authority (FCA).
On average cryptocurrency holdings amount to US$2,307, reports PA Media/dpa.
The primary method of financing crypto assets among consumers remains cash/disposable income of individuals (72 percent).
Awareness of crypto-assets is high among UK citizens with 93 per cent admitting they are aware of it through a recent survey.
Traditional media is the first major source the public learns about crypto assets, according to the study, with online news including blogs and forums sharing second place with social media.
Among crypto users, friends and family members were found to be the most common sources of information for first hearing about crypto assets. – Named
