Crypto Adoption Steady in US, UK with Growing Engagement

Crypto Adoption Steady in US, UK with Growing Engagement

According to a recent report by US crypto exchange Gemini, crypto adoption in the United States and the United Kingdom remains steady, with retail investor demand poised for a resurgence. The report analyzes data from 2022 to 2024, highlighting that crypto ownership rates in the US and UK have fluctuated within a narrow range of 18% to 21%, indicating a stable level of adoption. Meanwhile, France saw a slight increase in crypto ownership from 16% to 18%, while Singapore experienced a decrease from 30% to 26%. The report also notes the growing popularity of crypto exchange-traded products (ETPs), with 37% of US crypto owners reporting that they hold crypto via an ETP. This suggests that ETPs are becoming a more accessible way for investors to gain exposure to the crypto market. Furthermore, the survey revealed that a majority of crypto holders plan to allocate over 5% of their portfolio to crypto, indicating a growing confidence in the long-term potential of digital assets. Additionally, 73% of crypto-owning voters in the US said they will consider a candidate’s stance on crypto in the upcoming November elections, highlighting the increasing influence of crypto in the political landscape. However, the report also identifies regulation as a key factor impeding the growth of the crypto market, with 38% of respondents citing it as a concern. This suggests that clear and supportive regulatory frameworks are essential for further mainstream adoption of cryptocurrencies. Overall, the report provides valuable insights into the current state of crypto adoption in the US, UK, and other regions, highlighting the steady growth and increasing engagement with digital assets.