Crypto in the UK is evolving. According to new data from the Financial Conduct Authority (FCA) and YouGov, cryptocurrency ownership among UK adults fell from 12% in 2024 to 8% in 2025. While fewer people are holding crypto, those who remain are placing bigger bets on Bitcoin and Ether, signaling a growing concentration among serious investors.
The survey, based on 2,353 interviews conducted between August and September, revealed some interesting trends. Despite the decline, crypto adoption is still double the 4% recorded in 2021, showing that digital assets are far from fading from the UK market.
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Who’s holding crypto?
Men are leading the way, with 11% reporting ownership compared to women, while young adults aged 18 to 34 dominate, with 15% owning digital assets.
Bigger portfolios, not just more users
The survey also uncovered a shift in portfolio sizes. Around 21% of crypto holders have £1,001–£5,000 in digital assets, and 11% hold £5,001–£10,000. The FCA notes that people are moving away from small, experimental holdings and focusing on larger, more committed investments.
Participants in lending and borrowing are typically more knowledgeable and aware of crypto risks than average users.
Bitcoin and Ether still rule
Among crypto owners, 57% hold Bitcoin and 43% hold Ether, dwarfing alternative cryptocurrencies in the UK market. This concentration suggests that while casual interest may be waning, the core crypto crowd is getting serious.
Regulatory push ahead
The FCA released this survey alongside three new consultations covering exchanges, staking, lending, and decentralized finance. The regulator is seeking feedback by February as part of the UK government’s push to build a comprehensive crypto regulatory framework.
Bottom line: Fewer Brits may be buying crypto, but those who are are going bigger and smarter, doubling down on Bitcoin and Ether while regulators work to shape the market for the next phase of growth.
