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Crypto awareness and adoption trends continue to grow across the United Kingdom, with international research reflecting the nation becoming the second biggest European adopter of cryptocurrencies after the Netherlands(47%).
The Qualtrics report, sponsored by a global crypto exchange, tells that the ratio of persons currently in possession, or having previously owned cryptocurrencies within the UK has increased by 4 percentage points to 33%. The nation is ahead of most European nations, including Spain(26%), Italy(25%), Germany(24%) and France(17%). In addition, the research also provides insight into the investment patterns of the UK crypto investor.
Also Read: US Secret Service Sets up Crypto Awareness Hub to Improve Public Perception
The research revealed several interesting pieces of information on the UK’s crypto-owning population. To start things off, the British crypto investors keep a clear objective view and plan a likely course of action with their crypto investments beforehand. A majority of the crypto owners(61%) will be looking forward to increasing their portfolio holdings within a year, a 7% increase from the figures(54%) in October 2021.
In terms of market share for cryptocurrencies, Bitcoin (BTC) has the highest preference, with over 75% of British investors opting for the world’s first cryptocurrency. Ethereum(ETH) follows suit with 52% of the survey’s respondents admitting to owning the token of the world’s largest blockchain. Popular meme-based cryptocurrency Dogecoin(DOGE) ranks third at 33%.
Also Read: Brazil Senate Approves Regulation Bill for Crypto Transactions
While organizational reports may vary from one another, the fact remains undeniable- crypto adoption is quickly rising as an alternative option for investment throughout the entire globe. The growing relevance of virtual assets puts the spotlight on the UK’s potential as a potential global hotspot for crypto research and development. Institutions and investors can business enterprises may leverage the growing trends to extract long-term growth and revenues.
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