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The UK ranks 3rd in Ethereum adoption but Bitcoin remains the country’s most popular crypto

While U.K.’s crypto adoption is lower than the global average, crypto ownership in the country rose by 1 percent since the previous survey in October 2021.

Image by: Wikimedia Commons

Tue, 18 Jan 2022, 12:20 pm UTC

As crypto adoption continues to advance worldwide, the United Kingdom continued to maintain its status as one of the regional hubs for digital assets. In a recent survey, the U.K. is ranked third worldwide when it comes to Ether (ETH) adoption while its overall crypto adoption rate rose higher.

In a survey conducted by Finder.com, the U.K. is the third highest when it comes to ETH ownership. “The United Kingdom sees its highest global adoption ranking for Ethereum (32.9%), coming in at 3rd out of 27 countries,” the report said. The U.K. is just behind Singapore and Australia in Ether adoption.

This was revealed in Finder’s recently published Cryptocurrency Adoption Index, which aims to measure crypto adoption worldwide via an ongoing survey of Internet users in 27 countries. The United Kingdom data came from 2,013 internet users.

Of the 27 countries included in the study, the U.K. is ranked 26th with 6.1 percent of the respondents revealing that they own crypto. The country is slightly ahead of Japan’s 5.8 percent crypto ownership but also behind Germany’s 7.7 percent. While U.K.’s crypto adoption is lower than the global average, crypto ownership in the country rose by 1 percent since the previous survey in October 2021.

“Globally, crypto ownership jumped from 11.2% in October 2021 to 15.5% in December 2021,” Finder said. “This places the United Kingdom among countries with one of the lowest growth rates in crypto ownership between the two surveys, with ownership rising by 1 percentage point from 5.2% to 6.1%. The global growth average was 4.3 percentage points.”

Bitcoin remains the most popular crypto in the U.K. with 42.8 percent of the crypto-owning respondents revealing that they own BTC. Ether, the native crypto of the Ethereum blockchain, is the second most popular coin at 32.9 percent followed by Ripple at 17.4 percent.

Globally, investors aged 18 to 34 account for 56.1 percent of crypto ownership. In the U.K., however, investors aged 35-54 dominate crypto ownership at 43.5 percent, followed by the 18 to 34 group only accounts for 38.3 of crypto ownership in the country.

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