The global appetite for cryptocurrency continued to grow in 2025, with the United Kingdom posting one of the most significant gains in ownership, according to Gemini’s 2025 Global State of Crypto report published Tuesday.

UK crypto ownership rose sharply to 24%, up from 18% in 2024. France followed closely, increasing to 21%, while the U.S. also hit 21%. Singapore remained ahead with 28% of consumers reporting crypto holdings, up from 26% last year.

Gemini’s survey points to growing public confidence in crypto, fueled in part by former U.S. President Donald Trump’s announcement of a Strategic Bitcoin Reserve. Among American respondents who don’t yet own crypto, 23% said the initiative improved their perception of digital assets. The impact was also felt internationally, with 21% of non-owners in the UK and 19% in Singapore reporting increased trust.

The report also notes memecoins as a major driver of first-time crypto investment. In the U.S., nearly one-third (31%) of investors who now hold both memecoins and traditional cryptocurrencies said they started with memecoins. Similar trends appeared in Australia (30%) and the UK (28%). On a global scale, 94% of memecoin investors also own other digital assets.

Spot crypto ETFs continue to gain momentum. In the U.S., ETF ownership among crypto investors rose to 39%, up from 37% the year prior. Italy leads global adoption at 47%, with the UK (41%), Singapore (40%), Australia (38%), and France (32%) following.

The findings are based on a survey of 7,205 consumers conducted across six countries— the U.S., UK, France, Italy, Australia, and Singapore—between March and April 2025.