The United Kingdom Financial Conduct Authority (FCA) has released the latest report about cryptocurrency awareness among UK adults. Study shows that up to 2.3 million UK adults own cryptocurrency is a digital asset containing cryptographic protocols that make transactions secure and immutable. Crypto…”>cryptocurrencies.
The study finds out that the level of awareness has increased in general. Up to 78% of UK adults heard of cryptocurrencies compared to 73% awareness last year. Per the FCA report regarding this year’s study. Also, more UK adults own cryptocurrencies. There are up to around 2.3 million, whereas there were about 1.9 million in 2020.
Besides, the average holdings in monetary figures rise from £260 to £300. Cryptocurrency exchanges are being ranked as the most prominent place to acquire cryptocurrencies. The report also highlights that respondents change their minds, and lesser people consider cryptocurrencies as a gamble.
In the order of embrace, Bitcoin (BTC) is the world’s first open-source, peer-to-peer cryptocurrency developed by a pseudonymous person or group of people under the …”>Bitcoin is the digital coin that is most invested in, followed by the embattled XRP, and blockchain space. Through these sm…”>Ethereum takes third place. Yet, despite the bullish findings, the FCA discovered that the level of knowledge is declining, a scenario that suggests many investors do not understand what they are getting involved with.
However, the number of UK crypto investors continue to invest in digital assets, despite the ongoing fears of a regulatory clampdown from the country’s watchdog.
Cryptocurrencies draw attention from the international community, with Bitcoin (BTC) championing growth at the behest of the digital asset’s heightened institutional and retail buyup. The momentum impacts most altcoins, which along with Bitcoin, surged to their new all-time highs recently.
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