Beautiful Virgin Islands

Tuesday, Jun 24, 2025

Survey: 51% of UK Residents "Very Interested" In Cryptocurrency-Backed Loans

Survey: 51% of UK Residents "Very Interested" In Cryptocurrency-Backed Loans

According to a recent Coinbase survey, cryptocurrency-backed loans is a “very interesting” option for more than half of British residents.

51% of British adults said they are “very interested” in taking out a loan using digital asset holdings as a guarantee instead of traditional methods, a Coinbase research reveals. 39% of the participants said that they are willing to use cryptocurrencies to send and receive money in international transactions as well.

The British Keen to Adopt Crypto for Transactions
According to Coinbase conducted survey among thousands of British residents, the British have significantly increased their interest in using digital assets. Per the results, more than half of the respondents (51%) described the option of taking a crypto-backed loan as “very interesting.”

Marcus Hughes, the managing director of Coinbase Europe, commented on the results:

“We can see that the attitudes of British consumers towards cryptocurrency have transformed significantly in the last few years. With many now considering adopting cryptocurrency as an alternative method to execute traditional banking functions including transactions and loans.”

39% of Brits said they want to use virtual currencies to transfer money abroad and receive funds from relatives who do not reside in the United Kingdom.

Out of those who have already invested in the crypto market, 41% revealed that their main motivation to do so was to gain profits in the long term.

Hughes further mentioned that 1.3 million people of the UK adult population remain unbanked. According to him, cryptocurrencies can “remove barriers for users to access capital in a safe and secure manner.”

Crypto Increasing Popularity in The UK
According to another recent survey by the Financial Conduct Authority (FCA) of UK, 78% of residents of the island nation have heard of virtual currencies. Moreover, 2.3 million are hodlers which represents 4.4% of the population. The percentage from last year was 3.9%.

The British citizens also invested more in the digital asset market and pushed the median holding from £260 ($361) in 2020 to £300 ($417) this year. The research determined that most crypto investors are male, wealthy, over 35, and with excellent educational levels.

There is a significant drop in the number of people who consider the market as a gamble. Nearly half of the surveyed (47%) shared these thoughts in 2020, while 38% of the Brits opined so now.

Nonetheless, the overall understanding of digital assets among the UK population has declined. The FCA warned that this lack of basic knowledge could turn to be very risky:

“Some crypto users may not fully understand what they are buying.”

Source: Coinbase Survey: 51% of UK Residents "Very Interested" In Crypto-Backed Loans – Fintechs.fi

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
“You Have 12 Hours to Flee”: Israeli Threat Campaign Targets Surviving Iranian Officials
Macron and Merz: Europe must arm itself in an unstable world
Germany and Italy Under Pressure to Repatriate $245bn of Gold from US Vaults
Airlines Evaluate Flight Cancellations Amid Escalating US-Iran Tensions
Starmer Invites Innovators to Join Government Talent Scheme
UK Economy’s Strong Opening Quarter Shows Signs of Cooling
Harrods Seeks Court Order to Secure Al Fayed Estate for Victims
BA and Singapore Airlines Cancel Dubai Flights Amid Middle East Tensions
Trump Faces Backlash from MAGA Base Over Iran Strikes
Meta Bets $14 B on Alexandr Wang to Drive AI Ambitions
WATCH: Israeli forces show the aftermath of a massive airstrike at Iran's Isfahan nuclear site
FedEx Founder Fred Smith, ‘Heart and Soul’ of the Company, Dies at 80
Chinese Factories Shift Away from U.S. Amid Trump‑Era Tariffs
Pimco Seizes Opportunity in Japan’s Dislocated Bond Market
Labubu Doll Drives Pop Mart to Status as China’s Most Valuable Toy Maker
Global Coal Demand Defies Paris Accord Goals
We have new information and breaking details to share about what is shaping up to be a historic air campaign tonight
Six Massive Bombs Dropped on Fordow; Trump: 'A Historic Moment for the U.S., Israel, and the World'
Fordow: Deeply Buried Iranian Enrichment Site in U.S.–Israel Crosshairs
United States Conducts Precision Strikes on Iran’s Nuclear Sites
US strikes Iran nuclear sites, Trump says
Pakistan to nominate Trump for Nobel Peace Prize.
BBC Demands Perplexity AI Immediately Stop Using Its Content
Telegram Founder: I Will Leave My Fortune to Over 100 of My Children
Political Turmoil Resurfaces in Belgium Amid Economic Concerns
Fed policymakers divided on timing of interest rate cuts
Trump signals imminent agreement with Harvard University
Inheritance tax referendum alarms Swiss billionaire community
Japan cancels bilateral security meeting amid US defence demands
AI skeptic Emily Bender warns that ‘the emperor has no clothes’
Israel Confirms Assassination of Quds Force Commander in Tehran
16 Billion Login Credentials Leaked in Unprecedented Cybersecurity Breach
Senate hearing on who was 'really running' Biden White House kicks off
Iranian Military Officers Reportedly Seek Contact with Reza Pahlavi, Signal Intent to Defect
FBI and Senate Investigate Allegations of Chinese Plot to Influence the 2020 Election in Biden’s Favor Using Fake U.S. Driver’s Licenses
Vietnam Emerges as Luxury Yacht Destination for Ultra‑Rich
Plans to Sell Dutch Embassy in Bangkok Face Local Opposition
China's Iranian Oil Imports Face Disruption Amid Escalating Middle East Tensions
Trump's $5 Million 'Trump Card' Visa Program Draws Nearly 70,000 Applicants
DGCA Finds No Major Safety Concerns in Air India's Boeing 787 Fleet
Airlines Reroute Flights Amid Expanding Middle East Conflict Zones
Elon Musk's xAI Seeks $9.3 Billion in Funding Amid AI Expansion
Trump Demands Iran's Unconditional Surrender Amid Escalating Conflict
Israeli Airstrike Targets Iranian State TV in Central Tehran
President Trump is leaving the G7 summit early and has ordered the National Security Council to the Situation Room
Taiwan Imposes Export Ban on Chips to Huawei and SMIC
Israel has just announced plans to strike Tehran again, and in response, Trump has urged people to evacuate
Netanyahu Signals Potential Regime Change in Iran
Juncker Criticizes EU Inaction on Trump Tariffs
EU Proposes Ban on New Russian Gas Contracts
×