UK Leading in Cryptocurrency Ownership
A recent report by the cryptocurrency exchange Gemini highlights that the United Kingdom is at the forefront of growing cryptocurrency ownership amongst its residents in 2025, surpassing major economies such as the United States. The Gemini “State of Crypto” report, released on May 27, provides a comprehensive analysis of the evolution in crypto adoption across various regions, including a survey involving 7,200 adults from the US, Europe, Singapore, and Australia.
Key Findings
The findings reveal that the UK recorded the most significant increase in crypto ownership year-over-year among the countries surveyed, with the proportion of individuals reporting cryptocurrency holdings rising from 18% to 24% since last year. Although this growth is noteworthy, the UK still trails behind Singapore, where 28% of respondents indicated they were invested in crypto as of April 2025, a slight increase from 26% in the previous year.
Increasing Ownership in Other Regions
In addition, other European nations are also experiencing an uptick in crypto clientele; for instance, France reported a rise in crypto ownership from 18% in 2024 to 21% in 2025, while the US saw a modest increase from 21% to 22%. Overall, the rate of cryptocurrency ownership across the four regions—US, UK, France, and Singapore—crested to 24% by April of this year, suggesting that approximately one in four individuals globally are now equity holders in cryptocurrencies.
Regulatory Influence on Crypto Sentiment
The report also discusses the broader influence of regulatory environments on crypto sentiment, noting the positive climate under the Trump administration following the downturn in 2022, which likely spurred increases in crypto ownership, particularly in France and the UK. These shifts coincided with impending regulations such as the European Union’s Markets in Crypto-Assets Regulation (MiCA), intended to enhance the regulation of digital assets.
Progress and Regulatory Framework
While progress is evident, the UK has not yet established a comprehensive regulatory framework governing cryptocurrencies. In April, the UK government introduced a draft statutory instrument aimed at overseeing crypto exchanges, dealers, and agents, with an emphasis on consumer safety and operational robustness. The UK Treasury is expected to finalize this regulatory framework by later this year, following public consultations that concluded on May 23.
