UK Financial Conduct Authority reports that nearly 4% of UK consumers hold cryptocurrencies

The Financial Conduct Authority (FCA) has published a research report on consumer behavior. The study found that currently 1.9 million people in the UK population (equivalent to 3.86% of adults over 18 years old) hold cryptocurrencies, and 75% of them have crypto assets below £1,000. Most consumers have a certain understanding of the high volatility of products. The most common reason consumers buy cryptocurrencies is “gambling that may make or lose money,” and admits that their prices are unstable. In addition to the significant increase in the number of encrypted users, the industry’s awareness seems to be rising, 73% of adults have heard of cryptocurrency, compared with 42% last year.