FCA Report: Fewer UK Consumers Hold Crypto, But Average Holdings Rise

The number of people holding cryptocurrencies in the U.K. has fallen this year, even as the “typical value held by investors” has increased, according to the Financial Conduct Authority’s (FCA) Cryptoassets Consumer Research 2025 report.

Crypto ownership dropped from around 7 million in 2024 to approximately 4.5 million in 2025. However, awareness of cryptocurrencies among the U.K. population remains high at 91%. “Overall, the percentage of the U.K. adult population currently holding cryptoassets has declined from 12% in 2024 to 8% in 2025,” the FCA said.

The findings coincide with the FCA’s launch of a consultation on proposed crypto rules under a new regulatory framework aimed at expanding oversight of the sector. Despite the decline, the regulator noted that current ownership is still double the proportion reported in 2021.

While fewer consumers now hold crypto, those who remain invested are holding larger amounts. About 21% of holders reported owning between £1,001–£5,000 ($1,345–$6,720), with the average holding rising to just under $2,500 from $2,300 last year. The total value of crypto held by U.K. residents reached $17.3 billion, according to an October Financial Times report.

Bitcoin (BTC$88,255.74) and ether (ETH$2,949.94) remain the most popular cryptocurrencies among U.K. investors, held by roughly 70% and 35% of crypto owners, respectively. Despite declining participation, exposure remains concentrated in the two largest digital assets.