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According to an FCA survey, around 2 million adults hold crypto

According to an FCA survey, around 2 million adults hold crypto

FCA says that crypto awareness in the UK has risen, but understanding has fallen. The United Kingdom’s Financial Conduct Authority’s new study indicates a significant increase in cryptocurrency ownership. FCA published the results of the consumer survey on Thursday.


The survey found out that 2.3 million adults in the UK now hold crypto assets. This is much more than 1.9 million last year. Alongside the increasing number of crypto investors, the study also identified a surge in ownership volumes.

Median Holdings

Moreover, the median holdings rise to 300 pounds from 260 pounds in 2020. This cryptocurrency popularity rise comes with an uptick in the awareness level. The awareness of crypto has increased from 73 % last year to 78%.

FCA study

However, the FCA study also flagged a notable decline in understanding of cryptocurrencies. FCA suggests that some people have just heard about crypto, and they do not fully understand it. This shows that there may be a risk of consumers getting engaged with cryptocurrency without a clear understanding.


UK financial advisors shun crypto and meme stocks. FCA study also found out that UK consumers significantly favor Bitcoin over other cryptocurrencies. In addition, 82% of the survey respondents recognized Bitcoin. Those who know cryptocurrency are only acquainted with Bitcoin.

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.