The United Kingdom is setting the pace in the global race for cryptocurrency ownership in 2025, surpassing other major economies like the United States, according to the latest insights from Gemini. Released on May 27, the “State of Crypto” report by the US-based crypto exchange highlights a significant surge in crypto adoption across the UK, marking a pivotal shift in the financial landscape.
UK Leads the Pack in Crypto Adoption
The report, which surveyed 7,200 adults across the US, Europe, Singapore, and Australia, reveals that Europe is spearheading the growth of crypto ownership, with the UK leading the charge. As of April, 24% of UK respondents reported holding cryptocurrencies, up from 18% last year—a notable year-over-year jump that underscores the country’s growing affinity for digital assets.
While the UK is making impressive strides, it hasn’t yet claimed the top spot globally. That title goes to Singapore, where 28% of locals reported having a stake in cryptocurrencies. In contrast, the US saw a modest increase, with ownership rising to 22% from 21%.
The Role of Regulation and Market Maturity
The surge in UK crypto ownership seems to be fueled by its status as a long-standing financial hub, according to Mark Jennings, Gemini’s head of Europe. “The UK’s deep-rooted financial infrastructure and investor confidence are key drivers for this crypto adoption,” Jennings noted in comments shared with Cointelegraph. As explored in UK’s FCA Seeks Public and Industry Views on Crypto Regulation, the ongoing public consultation could further influence the regulatory landscape.
Interestingly, while the EU’s Markets in Crypto-Assets Regulation (MiCA) is reshaping the regulatory environment across Europe, the UK has yet to implement its own comprehensive crypto regulations. Despite this, the UK’s draft statutory instrument aimed at regulating crypto exchanges and dealers—currently in the public consultation phase—signals a move towards bolstering consumer protection and operational resilience.
Implications for the Future
The burgeoning crypto scene in the UK raises intriguing questions about the future trajectory of digital currencies. Could the UK become a global leader in crypto innovation, or will regulatory hurdles slow its progress? Jennings posits that the influence of MiCA may extend beyond its immediate jurisdiction, potentially impacting the UK market indirectly. For a deeper dive into the regulatory implications, see The SEC Can Learn From the IRS in Making Regulation Simpler for Crypto.
As we look ahead, the UK’s evolving regulatory framework and its status as a financial powerhouse may continue to attract investors to the crypto space. This dynamic environment presents both opportunities and challenges, leaving the door open for further developments. The question remains: How will the UK’s regulatory landscape shape the future of crypto adoption in the region? Only time will tell.
Source
This article is based on: UK outpaces global crypto ownership growth in 2025: Gemini report
Further Reading
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Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.
