- It is estimated that 32.9 percent of UK crypto owners possess Ethereum.
- 2,013 internet users in the United Kingdom were polled.
Late in 2021, the cryptocurrency market was very volatile and experienced a drastic shift from extremes in the bigger market. Crypto users in the United Kingdom seemed to be taking it slowly throughout the recent sell-offs and feverish market periods. With 2,013 internet users in the United Kingdom being polled, Finder.com came up with various findings.
The UK’s crypto community appears to have rekindled its enthusiasm for Ethereum, despite a lack of interest and acceptance in other cryptocurrencies. It is estimated that 32.9 percent of UK crypto owners possess Ethereum, putting it in the second position in terms of crypto ownership after only Bitcoin.
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Crypto Adoption Rate At a Mere 1%
There was an increase in the percentage of people owning cryptocurrencies from 11.2% to 15.5% last year, although, in certain countries, this rise was stifled. When comparing the two polls, the United Kingdom had one of the fewest increases in crypto holdings, moving from 5.2% to 6.1%, with a modest 1% increase in that time frame.
UK crypto ownership is much lower than the worldwide average of 15.5%, according to an ongoing poll of Internet users in 27 nations. With only 17 percent of respondents saying they believe crypto is an excellent investment, Britain was rated 23rd out of 23 nations in November 2021 for favorable opinions towards cryptocurrencies.
Despite the glimmering figures on ETH, Bitcoin remains the most popular cryptocurrency, owned by 42.8% of those who own digital assets. Third place went to Ripple, with 17.4 percent, followed by Solana with 15%, while Dogecoin only had a 1% gain.