Number goes up: A third of Brits have bought crypto, says Coinbase report

Bitcoin (BTC) number go up technology is boosting crypto adoption in the United Kingdom. More and more Brits are buying cryptocurrency according to a Coinbase research piece carried out by Qualtrics.

The key takeaways indicate that 33% of British people own crypto, up from 29% in October 2021. Plus, over half, or 61%, of those surveyed intend to increase their holdings over the next 12 months.

The report also highlighted that Bitcoin is the king of crypto among U.K. consumers as it is the most commonly owned cryptocurrency. Ethereum (ETH) is held by 52% of those surveyed with Dogecoin (DOGE) and Binance Coin (BNB) at 34% and 33% respectively.

It’s not the retail market that’s interested in crypto: Her Majesty’s Treasury also appears to be sticking around despite sluggish Bitcoin price action. HM Treasury’s decision to create a royal NFT by the summer caught the crypto community’s attention in April, amidst discussion surrounding stablecoin regulation in the U.K.

A Coinbase spokesperson told Cointelegraph that the population of 67 million Brits creates a “leading European hub of crypto investment,” highlight that there is a growing proportion of people engaging with these assets.

“Recent survey work suggests that the adoption trend may continue, with many sharing ambitions to expand the size and diversification of their portfolios.”

Adding a note of caution, the spokesperson suggested that “it is clear that there is more work to be done around boosting understanding and awareness of these assets.”

Related: Home sweet hodl: How a Bitcoiner used BTC to buy his mom a house

An experienced Financial Conduct Authority (FCA) employee recently took up a post at the digital assets department, in order to support the government’s “vision for crypto.”

Cointelegraph has compiled an analysis of changes to the U.K.’s financial and crypto landscape in light of the recent changes to the FCA’s crypto stance.

All Dutch and English crypto news!

Vitalik Buterin wants rollups to hit stage 1 decentralization by year-end

Ethereum network standards should increase when considering layer-2 scaling solutions, suggested Ethereum co-founder Vitalik Buterin. News Own this piece of crypto history Collect this article as NFT Join us...

MicroStrategy is trading at an ‘unjustifiable premium’ to Bitcoin: Analyst

Kerrisdale Capital claims MicroStrategy’ is no longer a “unique way to gain access to Bitcoin” but Michael Saylor has long argued his firm will remain...

Mystery malware targets Call of Duty cheaters, stealing their Bitcoin

Malware database vx-underground has warned of a new info-stealing malware in cyberspace that is targeting video gamers, especially those who use cheating software. News Own this piece...

Prisma Finance $11.6M hacker claims it was a ‘whitehat rescue’

The hacker’s on-chain message came approximately six hours after the hack occurred. However, blockchain security firms noted the hacker had also started swapping the stolen...

Beste exchanges

Koop je crypto bij Bitvavo