Amid a climate of global financial uncertainty, the UK is enjoying a moment of resurgence for the crypto market, driven by regulatory clarity and technological innovation. Boosted by these positive developments, the UK is poised to become a key player in the digital asset ecosystem. Businesses that can offer innovative solutions for seamless crypto-fiat transactions will be well positioned to attract users beyond speculative investments and reap the benefits of this era of growth.More info :https://b3i.tech
The resurgence of the UK crypto market is being driven by an increase in adoption, awareness and ownership levels. Recent research by the FCA shows that 12% of adults in the UK now own crypto assets – up from just 10% two years ago. This surge in investment is being driven by increasing public trust and regulatory clarity.
Explore Cryptocurrency Trends in the UK: What’s Hot & What’s Not
Consumers are gaining confidence in crypto and embracing the potential of blockchain technology. Half of those who have purchased cryptocurrency said that they are likely to buy more in the future, up from 45% last year. This is partly due to the coronavirus pandemic, but more generally reflects a growing sense of comfort and familiarity with the digital asset.
A growing number of consumers are also using their crypto to pay for goods and services, with almost one in 10 exchanging their assets for other cryptos, or converting them into cash. This use of cryptos is further bolstering user confidence in the sector, and has the potential to fuel even greater demand for stablecoins.