ChainCatcher News, the UK's Financial Conduct Authority (FCA) has released a new research report showing that currently 12% of UK adults own cryptocurrency, up from the previous survey result of 10%.

Based on a nationally representative study of 2,199 UK adults, it is estimated that the number of cryptocurrency holders in the UK will increase from 5 million in 2022 to 7 million.

Only one in ten people stated that they did not conduct any research before purchasing cryptocurrency, but 20% of respondents said that 'friends and family' were their main reasons for buying cryptocurrency.