UK Surges Ahead in Cryptocurrency Ownership Growth for 2025, Says Gemini Report

A new report by Gemini reveals that the UK is leading global cryptocurrency ownership growth in 2025, reaching 24% of its population, while falling behind Singapore’s 28%. The rise is attributed to favorable market sentiment and potential regulatory advances, although the UK lacks a national regulatory framework yet. The UK Treasury is working on regulations to bolster consumer protection.

According to a new report from Gemini, a prominent US-based cryptocurrency exchange, the United Kingdom is leading global trends in cryptocurrency ownership growth for 2025. The report, dubbed the “State of Crypto,” was released on May 27 and reveals how countries like the US are being edged out by the UK’s increasing crypto adoption. With a survey sampling 7,200 adults from various regions including Europe, the US, Singapore, and Australia, the findings show a significant leap in the UK’s crypto ownership, rising from 18% last year to 24%.

Despite its increase, the UK has not yet surpassed Singapore, which holds the title of the highest crypto ownership globally at 28% as of April 2025. Surprisingly, even as the UK shows promising gains, it still lags behind other nations. In the report, it’s noted that France is seeing a rise as well, with crypto ownership climbing to 21%, up from 18% in 2024. Meanwhile, the US shares similar growth, hitting 22%, indicating a gradual rise in the acceptance of cryptocurrencies across various demographics.

Gemini attributes the broader increase in global crypto ownership to several factors, including the positive shifts in market sentiment following the bear market of 2022 and somewhat favorable regulatory climates. The report specifically highlights improved conditions in the UK and France, a trend partially connected to the implementation of the EU’s Markets in Crypto-Assets (MiCA) regulation.

Interestingly, while the UK is on an upward trajectory in terms of crypto ownership, it still lacks a comprehensive national framework to regulate cryptocurrency effectively. The UK government has unveiled a draft statutory instrument aimed at regulating crypto exchanges and enhancing consumer protection. They recently wrapped up a public consultation period, meaning a finalized version of the regulations could see the light later this year.

In summary, while the UK is emerging as a strong player in the cryptocurrency scene, it still needs to catch up to global leaders like Singapore, and establish firm regulatory foundations to support continued growth and consumer confidence in the space.

In short, the UK is experiencing notable growth in cryptocurrency ownership, outpacing significant nations like the US according to Gemini’s latest findings. However, despite these gains, it still trails behind Singapore in ownership rates. As the UK government works on establishing robust regulatory measures, its future in the crypto market looks promising yet contingent on its regulatory evolution.

Original Source: cointelegraph.com