Twelve percent of UK adults are holding cryptocurrencies, according to the latest research by the Financial Conduct Authority (FCA). The study shows a 2% jump from 2022, in which 5 million individuals held crypto, compared to 7 million in 2024.
UK Adults Pour More Funds in Crypto, FCA Research Shows
According to the FCA, the average value of digital assets owned by UK people has surged in the past two years, from £1,590 to £1,850. Furthermore, of the 7 million crypto holders, 19% own crypto worth between £5,000 and £10,000. By comparison, only 6% held digital currencies worth that much in 2022.
Following the release of the FCA research findings, popular blockchain group CryptoUK has said the study indicates that cryptocurrencies are now mainstream in the United Kingdom and expects the number of crypto holders in the UK to rise further next year.
Also read:More Research Findings
Meanwhile, the FCA’s study shows that less than 1% of UK adults did not conduct research before purchasing cryptocurrencies, while 20% consulted ‘family and friends’ before investing in crypto.
The research also discovered that 25% of non-crypto users are willing to purchase digital assets if clear regulations were formulated. Matthew Long, FCA Director of Payments and Digital Assets, is in agreement, arguing that clear policies are necessary to help UK adults better understand associated risks.
FCA Plans to Introduce New Crypto Rules
Over the past few months, the FCA has partnered with various crypto organizations and banks in an effort to formulate crypto-friendly regulations. The financial watchdog now says it will release its crypto roadmap within the next 12 months, covering several topics, including stablecoins, lending, crypto staking, and market abuse. New crypto policies are expected to take effect in 2026.
Numerous UK-based blockchain companies have welcomed the FCA’s crypto plans. For instance, eToro, through its United Kingdom Managing Director Dan Moczulski, says the FCA’s move to introduce clear rules will encourage crypto innovation and adoption. The company hopes to be involved in the regulator’s upcoming consultations. Similarly, CryptoUK says a clear regulatory framework will likely attract international investors to the UK crypto industry.
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