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UK financial conduct authority research suggests more than 2.5 million people have bought crypto

 
UK financial conduct authority research suggests more than 2.5 million people have bought crypto
Breaking News / Crypto Market
  • The United Kingdom's financial conduct authority has just recently estimated that more than 2.5 million consumers in the UK have bought digital assets at some point over the past 10 years. 
  • At the end of last month on the 30th of June, the authority published the results of its latest research into how consumers in the UK interact with the crypto markets.

The United Kingdom's financial conduct authority has just recently estimated that more than 2.5 million consumers in the UK have bought digital assets at some point over the past 10 years. 

At the end of last month on the 30th of June, the authority published the results of its latest research into how consumers in the UK interact with the crypto markets. The results of the research showed that just shy of 1 million people currently own some kind of cryptocurrency.

This is what represents what the authority considers to be a statistically significant increase compared to the last consumer research report last year. Even though this increase is only 3%, it brings the total number of UK consumers who have held cryptocurrencies at any point up from 1.3 million to 2.6 million.

On top of this, the research from the authority indicates that around 75% of the 2 million people currently owning crypto are holding around £1000 worth.

As per CoinTelegraph:

“In general, holders’ level of technical knowledge and understanding of the potential risks associated with lack of protections and asset volatility is high, according to the FCA. One exception is that 11% of current and former crypto holders mistakenly believe their crypto assets are covered by consumer protections — amounting to roughly 300,000 people.”

It will be interesting to see how this situation plays out. For more news on this and other crypto updates, keep it with CryptoDaily!

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