PANews reported on November 27 that according to Decrypt, the UK regulator, the Financial Conduct Authority (FCA), released a new research report showing that 12% of British adults currently own cryptocurrencies, higher than the previous survey result of 10%. Based on a nationally representative study of 2,199 British adults, it is estimated that the number of cryptocurrency holders in the UK will increase from 5 million in 2022 to 7 million.
Over the same period, the average value of cryptocurrencies held by Brits has increased from £1,595 to £1,842. Among crypto holders, the number of adults holding more cryptocurrencies has also increased - 19% now hold between £5,001 and £10,000 worth of cryptocurrencies, compared to 6% during the "previous wave".
A spokesperson for cryptocurrency trade association CryptoUK said the findings were a “watershed moment for the industry,” adding that “cryptocurrency is now mainstream in the UK.”
