UK outpaces global crypto ownership growth in 2025: Gemini report

Update (May 27, 3:00 pm UTC): This article has been updated to add a comment by Gemini’s head of Europe.

The United Kingdom is leading the world in increasing cryptocurrency ownership among its population in 2025, outpacing economies including the United States, according to a new study by Gemini.

Gemini, the US-based crypto exchange founded by Cameron and Tyler Winklevoss, on May 27 released its latest “State of Crypto” report, giving insights into changes in the global adoption of cryptocurrencies like Bitcoin (BTC).

Based on a survey of 7,200 adults across the US, Europe, Singapore and Australia, the report found that Europe has been leading the way in growing crypto ownership, with the UK in front.

The UK saw the biggest year-over-year growth in crypto ownership of the surveyed nations, with the share of respondents indicating crypto holdings rising to 24% as of April from 18% last year, Gemini said in the report shared with Cointelegraph.

While the UK has reportedly seen an increase in new crypto owners, it’s yet to reach the world’s top crypto ownership rate.

According to Gemini’s report, Singapore has been the top country globally for crypto ownership in the past two years, with 28% of local survey respondents saying they were invested in crypto as of April. In 2024, that share was 26%.

Some European countries have picked up the pace, with 21% of French respondents reporting owning crypto in 2025, up from 18% in 2024. In the US, the indicator grew to 22% from 21%.

Overall crypto ownership rate in the US, UK, France and Singapore increased to 24% by April from 21% last year, suggesting that nearly one in four now own crypto globally.

According to Gemini, the rise of global crypto ownership in the past few years may be attributed to the impact of the Trump administration’s policies on overall positive sentiment following the bear market of 2022.

“In particular, crypto ownership in France and the UK increased, reflecting a warming regulatory environment for digital assets in Europe,” the report said, referring to the rollout of the European Union’s Markets in Crypto-Assets Regulation (MiCA).

Related: UK to become ‘safe harbor’ for crypto with new draft rules — Experts

However, the UK has yet to adopt a national regulatory framework for cryptocurrency.

In April, the UK government published a draft statutory instrument (SI) aimed at regulating crypto exchanges, dealers and agents in order to bolster consumer protection and ensure operational resilience.

After conducting a public consultation with last entries accepted before May 23, the UK Treasury expects to finalize the “near-final version” of the SI later this year.

The UK’s sharp spike in crypto ownership reflects the country’s status as a “central financial hub for many decades,” Gemini’s head of Europe, Mark Jennings, told Cointelegraph.

Such a status recognizes the maturity of the market and reasons why investors are keen to get involved in crypto, Jennings noted.

“Outside of the US, the UK had the highest rate of non-crypto owners who responded that the Strategic Bitcoin Reserve made them more confident in the value of crypto, showing the positive influence that a pro-crypto US administration has had on the UK,” he added.

Jennings also suggested that MiCA would still likely grow outside of its regulatory scope and have an impact on adjacent countries despite not having a direct effect on the UK.

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