Beautiful Virgin Islands

Tuesday, Jun 03, 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
China Accuses US of Violating Trade Truce
Panama Port Owner Balances US-China Pressures
France Implements Nationwide Outdoor Smoking Ban to Protect Children
German Chancellor Merz Keeps Putin Guessing on Missile Strategy
Mandelson Criticizes UK's 'Fetish' for Abandoning EU Regulations
British Fishing Boat Owner Fined €30,000 by French Authorities
Dutch government falls as far-right leader Wilders quits coalition
Harvard Urges US to Unfreeze Funds for Public Health Research
Businessman Mauled by Lion at Luxury Namibian Lodge
Researchers Consider New Destinations Beyond the U.S.
53-Year-Old Doctor Claims Biological Age of 23
Trump Struggles to Secure Trade Deals With China and Europe
Russia to Return 6,000 Corpses Under Ukraine Prisoner Swap Deal
Microsoft Lays Off Hundreds More Amid Restructuring
Harvey Weinstein’s Publicist Embraces Notoriety
Macron and Meloni Seek Unity Despite Tensions
Trump Administration Accused of Obstructing Deportation Cases
Newark Mayor Sues Over Arrest at Immigration Facility
Center-Left Candidate Projected to Win South Korean Presidency
Trump’s Tariffs Predicted to Stall Global Economic Growth
South Korea’s President-Elect Expected to Take Softer Line on Trump and North Korea
Trump’s China Strategy Remains a Geopolitical Puzzle
Ukraine Executes Long-Range Drone Strikes on Russian Airbases
Conservative Karol Nawrocki wins Poland’s presidential election
Study Identifies Potential Radicalization Risk Among Over One Million Muslims in Germany
Good news: Annalena Baerbock Elected President of the UN General Assembly
Apple Appeals EU Law Over User Data Sharing Requirements
South Africa: "First Black Bank" Collapses after Being Looted by Owners
Poland will now withdraw from the EU migration pact after pro-Trump nationalist wins Election
"That's Disgusting, Don’t Say It Again": The Trump Joke That Made the President Boil
Trump Cancels NASA Nominee Over Democratic Donations
Paris Saint-Germain's Greatest Triumph Is Football’s Lowest Point
OnlyFans for Sale: From Lockdown Lifeline to Eight-Billion-Dollar Empire
Mayor’s Security Officer Implicated | Shocking New Details Emerge in NYC Kidnapping Case
Hegseth Warns of Potential Chinese Military Action Against Taiwan
OPEC+ Agrees to Increase Oil Output for Third Consecutive Month
Jamie Dimon Warns U.S. Bond Market Faces Pressure from Rising Debt
Turkey Detains Istanbul Officials Amid Anti-Corruption Crackdown
Taylor Swift Gains Ownership of Her First Six Albums
Bangkok Ranked World's Top City for Remote Work in 2025
Satirical Sketch Sparks Political Spouse Feud in South Korea
Indonesia Quarry Collapse Leaves Multiple Dead and Missing
South Korean Election Video Pulled Amid Misogyny Outcry
Asian Economies Shift Away from US Dollar Amid Trade Tensions
Netflix Investigates Allegations of On-Set Mistreatment in K-Drama Production
US Defence Chief Reaffirms Strong Ties with Singapore Amid Regional Tensions
Vietnam Faces Strategic Dilemma Over China's Mekong River Projects
Malaysia's First AI Preacher Sparks Debate on Islamic Principles
White House Press Secretary Criticizes Harvard Funding, Advocates for Vocational Training
France to Implement Nationwide Smoking Ban in Outdoor Spaces Frequented by Children
×