UK Crypto Trends: 38% Cite Regulatory Uncertainty as a Barrier, Gemini Report Finds

UK Crypto Trends – Gemini 2024 Report Reveals UK Crypto Adoption Steady, but Regulatory Clarity Needed

UK Crypto Trends – The Gemini 2024 Global State of Crypto Report reveals that despite ongoing regulatory uncertainty, UK crypto holders remain resilient, with 93% of them likely to buy more crypto in the next year. 18% of UK consumers still own crypto, the same as two years ago, signaling steady adoption.

However, 49% of UK respondents believe that clearer regulation is essential to build trust in digital assets. The crypto winter of 2022 is behind, and UK investors show confidence in long-term crypto value. In fact, 59% of crypto holders are comfortable allocating at least 5% of their portfolios to digital assets, 2% higher than the global average.

Crypto Adoption in the UK: Steady, but Regulatory Clarity Needed

While adoption is stable, the report highlights a gender disparity in crypto ownership, with 70% of UK crypto owners being male. Also, 38% of non-crypto holders cited regulatory uncertainty as a barrier to entry.

Gemini’s new global ad campaign, themed “Go Where Pounds Won’t”, reflects optimism for the UK market, emphasizing crypto’s role in the digital economy. However, the lack of comprehensive regulation in the UK continues to limit broader adoption.

Regulatory Clarity Key to UK Crypto Growth

Despite the hurdles, the UK market is showing strong potential for growth. As regulatory clarity improves, Gemini believes the UK will remain a key player in the global crypto ecosystem. Clearer regulations will be essential for unlocking further adoption and ensuring long-term confidence in crypto.

FAQ: UK Crypto Adoption in 2024