Introduction
In a recent study commissioned by telecommunications company Openreach, Liverpool has emerged as the leader in cryptocurrency engagement across the UK. The findings reveal that approximately 13% of Liverpool’s population actively invests in cryptocurrencies and keeps abreast of stock market trends, marking the city as the nation’s premier crypto hub. This report highlights a growing trend among Britons embracing digital finance and online investing habits.
City Comparisons
While London is known for its prevalence in dating applications and Sheffield excels in TikTok usage, Liverpool distinguishes itself through its robust interest in financial markets, particularly Bitcoin. The research reflects regional disparities in online behavior, with cities displaying unique preferences: Manchester favors Instagram, and Leeds focuses heavily on Facebook.
Online Engagement
Sheffield tops the charts for TikTok activity, with a staggering 32% of its residents dedicating over five hours a day to online engagement, significantly outpacing Brighton’s 11%. On average, individuals in the UK spend about three and a half hours each day online, although 20% admit to exceeding five hours. The survey also notes a trend of nighttime internet usage, with 64% of respondents going online between 11 p.m. and 6 a.m., and 19% engaging with YouTube during these hours.
Concerns and Insights
This investigation into online habits coincides with the 25th anniversary of the first home broadband installation in Basildon, Essex. Despite the positive trend towards increased connectivity, the survey uncovered growing concerns about digital fatigue. Nearly 43% of participants expressed feeling that they waste time online, and 37% reported worries about “doom-scrolling.” Moreover, one third believed that reducing internet time would contribute to their relaxation.
Katie Milligan, the deputy CEO of Openreach, commented on the findings, stating, “It’s captivating to observe how varied regions in the UK are incorporating the digital realm into their lives and altering their approaches accordingly. It is equally reassuring that many people appreciate the necessity of disconnecting from technology periodically.”
Regulatory Changes Ahead
In related news, beginning January 1, 2026, the UK government will implement mandatory regulations requiring cryptocurrency firms to collect and report detailed information about customers for each transaction. HM Revenue and Customs (HMRC) announced that trading platforms must record users’ full names, home addresses, and tax identification numbers. This reporting obligation will also apply to companies, trusts, and charities involved in crypto activities. Noncompliance can lead to penalties reaching £300 ($398) for each user affected.
