Bringing you live news and features since 2006 

Research reveals 11 per cent of UK adults are contemplating first cryptocurrency purchase

RELATED TOPICS​

New research from UK-based money app Ziglu reveals that 11 per cent of UK adults are contemplating buying cryptocurrencies for the first time over the next 12 months. Some 3 per cent – around 1.57 million people – say they will definitely buy their first cryptocurrencies in the next 12 months, and 8 per cent – 4.2 million people – say it is quite likely they will do this.

Ziglu’s research shows that one in 10 UK adults currently already own cryptocurrencies. In terms of why people are planning to buy their first cryptocurrencies, 29 per cent said it is because it has become easier to test the market by buying a small amount. 

This is followed by 27 per cent who said they plan to buy because they expect valuations to increase. Just over one in four (26 per cent) said it’s because the crypto market is becoming more mainstream and 23 per cent said it’s because security levels are improving. Other reasons given are providers are making it cheaper and easier to buy cryptocurrencies, regulations are improving and 8 per cent said it is because they are being encouraged to buy by loved ones.

Mark Hipperson, Founder and CEO of Ziglu says: “Cryptocurrencies are becoming increasingly mainstream. Our findings show that around 39 per cent of people who own cryptocurrencies first bought them in the past 12 months, and a huge number of people plan to become first-time buyers over the next 12 months.

“There is a wide range of choice for people in terms of platforms to use, but they should focus on how easy the platforms are for first-time buyers, the fees for small transactions, and in particular security and levels of insurance offered to protect your assets.”
 

Latest News

Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..
Confidence in the continuing strength of bitcoin and Ethereum is driving wider interest in altcoins and other digital assets, according..

Related Articles

Graham MacKenzie, Toronto Stock Exchange
The evolution of ETFs has been a multi-decade experience for Toronto Stock Exchange says Graham MacKenzie, managing director, Exchange Traded...
Frank Koudelka, State Street Global Services
ETF data provider and ETF Express data partner, Trackinsight, has published its Global ETF Survey 2024 Report: ‘50+ Charts on...
Cryptocurrencies
Matteo Greco, Research Analyst at Fineqia International writes that bitcoin (BTC) ended the week at approximately USD52,150, showing a notable...
US Distribution Awards trophies
The winners of the first US ETF Distribution Awards at the Exchange conference, hosted by ETF Express and sponsored by...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by