Moreover, the share of those who hold or held cryptoassets increased by 2.35 percentage points, to 5.35% (from approximately 1.5 million people to 2.6 million people), compared with the 2019 FCA Consumer Research, the regulator said.
Some other findings from ythe survey reveal:
75% of consumers who own cryptocurrencies hold under GBP 1,000 (USD 1,229).
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The most popular reason for consumers buying cryptocurrencies was as ‘as a gamble that could make or lose money.’
Crypto exchanges are a key market participant and most consumers used non-UK based exchanges.
This year 27% had never heard of cryptocurrencies, compared with 58% in the survey last year.
Bitcoin (BTC) was the most recognised cryptocurrency and, whilst Libra does not yet exist as a cryptocurrency, 22% had heard of Libra.
If you are new to the Cryptocurrency world and would like to open an account we recommend Cex.io.
