"The proportion of people in Britain holding cryptocurrencies has fallen sharply, according to new research published by the Financial Conduct Authority, as the regulator unveils long-awaited plans to bring digital assets under formal supervision. Research commissioned by the FCA found that just 8 per cent of UK adults now own cryptocurrencies such as bitcoin or ethereum, down from a peak of 12 per cent in 2024. The findings suggest that the boom in retail crypto ownership has lost momentum amid ongoing volatility and regulatory uncertainty."
"However, while fewer people now hold digital assets, those who remain invested tend to own larger amounts. The proportion of crypto holders with investments worth between £1,001 and £5,000 rose by four percentage points to 21 per cent, while those with holdings valued between £5,001 and £10,000 increased by three points to 11 per cent. At the other end of the scale, smaller holdings have become less common."
"The research was based on a survey of 2,353 adults conducted between August and September and was released alongside a package of proposals from the FCA to create a comprehensive regulatory regime for digital assets. Under the plans, crypto firms would be subject to rules covering market abuse, lending practices, custody, and standards for exchanges, bringing oversight of the sector closer to that applied to traditional financial services."
A survey of 2,353 adults conducted between August and September found 8 per cent of UK adults now own cryptocurrencies, down from 12 per cent in 2024, indicating waning retail participation amid volatility and regulatory uncertainty. Remaining investors tend to hold larger amounts, with increases in the £1,001–£5,000 and £5,001–£10,000 brackets and a decline in holdings of £100 or less. The Financial Conduct Authority released proposals to subject crypto firms to rules on market abuse, lending, custody and exchange standards, aligning oversight more closely with traditional finance, while warning that regulation will not remove inherent investment risks.
Read at Business Matters
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