Coinbase Report: More and More British People are Purchasing Cryptocurrencies

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Coinbase’s latest research piece with Qualtrics shows that more and more people in the United Kingdom are purchasing cryptocurrencies, signaling that the particular region is more open to crypto adoption compared to other destinations. As per the report, almost one-third of Brits (33%) already own crypto to some capacity, slightly up from the 29% last October. On top of that, more than half of the total respondents, or 61%, expressed interest in increasing their respective holdings within the next 12 months.

Coinbase’s report also conclusively named Bitcoin (BTC) as the king of all crypto among UK consumers, which is unsurprising, to say the least. While most of the respondents owned BTC, other tokens were highlighted as well. About 52% of the respondents admitted to owning Ether (ETH), 34% owned Dogecoin (DOGE), and 33% owned Binance Coin (BNB).

According to a spokesperson of Coinbase, the UK’s high population of 67 million Brits openly creates a leading crypto investment hub in Europe where the rate of people engaging with such assets is proportionally high. He adds that the recent survey report suggests that the increasing adoption trend within the region is bound to continue, as evidenced by the admission of most of the respondents of their interest in expanding or further diversifying their respective portfolios.

Nevertheless, the Coinbase spokesperson also noted that it is still apparent that more work needs to be done regarding the people’s awareness and understanding of such assets.

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