UK Cryptocurrency Ownership Rises to 7 Million, Businesses Urged to Introduce Crypto Solutions

The number of UK citizens who own cryptocurrencies has increased from 5 million to 7 million, with a focus on practical and sustainable use cases. To remain competitive, businesses in the UK must provide crypto solutions for their customers as cryptocurrency becomes more mainstream. Recent research from the FCA shows that 12% of UK adults own crypto, with an average value of holdings increasing to £1,842. The FCA has prioritized cryptocurrency regulation in the UK, with plans for consultations on stablecoin issuance and custody in late 2024 and discussions on trading platforms and decentralized finance in 2025, with final rules expected by 2026. The adoption of cryptocurrencies in the UK is expected to continue to rise, with many using them for payments and converting them to fiat. Businesses should prioritize solutions that offer seamless crypto-fiat transactions to take advantage of this trend and ensure long-term survival. The infrastructure for launching crypto operations has matured enough to offer straightforward solutions for businesses to become growth drivers in the UK crypto market.