Half of UK adults hold less than £260
The Financial Conduct Authority (FCA) has revealed that 2.6 million Brits have bought cryptocurrency, with significant growth over the last year.
According to information, 80% of the crypto asset wealth is estimated to be held by 1% of the UK’s population.
At the same time, 77% of people in the UK bought crypto assets through exchanges, whereas 23% obtained them another way.
Only 5% of them used UK-based exchanges, while 83% used non-UK based exchanges. 12% of them used both UK and non-UK crypto exchanges.
When asked about keeping crypto, 24% and 34% of adults held crypto assets offline or moved them to another online wallet, respectively. 46% prefer storing crypto at the exchange they bought them from.
The research also highlighted that 27% of Brits used cryptocurrency to purchase goods and services.
We’ve reported that Gemini Trust Company has announced its collaboration with Samsung. The partnership aimed to power the Samsung Blockchain Wallet and bring crypto access to its users across the US and Canada.