Only 13% of Brits have digital assets - CEX.io Survey

The vast majority of Brits preferer to stay away from digital assets.
Lack of knowledge and low security are the main factors that hold them from buying cryptocurrencies.

Tanya Abrosimova Independent Analyst

The London-based cryptocurrency exchange CEX.io surveyed over one thousand respondents in the UK and learned that only 13% of British citizens hold digital assets. If we consider that the research reflects the actual state of things in the UK, then cryptocurrency adoption is still a distant dream for the country.

However, the survey also revealed that 35% of the cryptocurrency owners have digital assets worth over £100,000 ($126,300). Bitcoin was recognized as the most popular asset, which is hardly surprising. Though, 43% of respondents said that they also held some other coins or tokens.

Meanwhile, 18% of crypto holders confessed that they tried to make money by participating in online activities like cryptocurrency trading, esports, or online bets.

Out of those who have no digital assets as of yet, 28% of respondents said that they did not have enough knowledge about this type of assets, while 12% were wary about lack of security.

Meanwhile, over half of the participants didn't provide an apparent reason why they stayed away from buying cryptocurrencies.

Wells Fargo/Gallup had a similar poll in the US last year. It revealed that only 2% of respondents owned Bitcoins, while less than 1% had an intention to buy it in the near future.

Author

Tanya Abrosimova

Independent Analyst

Ripple and Stellar outlook: XRP and XLM await direction amid cautious sentiment

Ripple and Stellar trade cautiously as both tokens hover around key technical levels. XRP is testing resistance at its 50-day EMA, while XLM continues to consolidate around the $0.187 support zone. Meanwhile, mixed derivatives data with a slight bearish tilt suggests traders remain cautious, keeping the next directional move uncertain.

Crypto Market Overview: Bitcoin recovery eases – HBAR and LDO test key resistance zones

Bitcoin edges below $66,000 extending the previous day's losses. Hedera and Lido DAO sustain bullish momentum, testing the breakout of a crucial resistance zone to extend their rally. CoinMarketCap’s Fear and Greed Index at 39 stalls below the neutral territory, indicating that sellers remain dominant.

Senate Republicans release updated CLARITY Act with new crypto ethics restrictions

Senate Republicans released an updated version of the Digital Asset Market CLARITY Act on Wednesday following briefing calls with stakeholders. The update adds a package of ethics restrictions targeting digital asset activities by public officials and their spouses.

Hyperliquid, Robinhood could lead crypto’s next bull market as DeFi and TradFi converge

The next crypto bull market could be driven by the growing convergence between blockchain-based financial infrastructure (on-chain) and traditional finance (TradFi), according to Bitwise CIO Matt Hougan. In a report published late Tuesday, Hougan argued that crypto may be showing early signs of a market bottom, with Bitcoin gaining 9% since July 1 even as the NASDAQ 100 declined 6%.

Bitcoin’s potential recovery in the second half hinges on these 4 catalysts

Bitcoin (BTC) has fallen over 34% in the first half of this year as the King Crypto failed to capitalize on a good semester for risk assets despite the woes from the Iran war.