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Gemini’s “State of Crypto” report reveals the UK’s leading position in cryptocurrency ownership growth in 2025, surpassing even the United States. The report, based on a survey of 7,200 adults across various countries, highlights a significant year-over-year increase in UK crypto ownership, rising from 18% in 2024 to 24% in April 2025. While this represents substantial growth, Singapore maintains the highest overall crypto ownership rate globally, with 28% of respondents reporting crypto investments.
France also experienced growth, with crypto ownership increasing from 18% to 21%, mirroring a similar trend in the US, where ownership rose from 21% to 22%. Globally, nearly one in four individuals now own cryptocurrency, reflecting a collective increase from 21% to 24% over the past year.
Gemini attributes this surge in global crypto ownership partly to positive sentiment following the 2022 bear market, influenced by factors including the Trump administration’s policies. Specifically, the report notes the impact of the EU’s Markets in Crypto-Assets Regulation (MiCA) on increased ownership in France and the UK. Despite this growth, the UK lacks a comprehensive national regulatory framework for cryptocurrencies.
However, progress is underway. In April 2025, the UK government released a draft statutory instrument aiming to regulate crypto exchanges, dealers, and agents. This initiative prioritizes consumer protection and operational resilience. Following a public consultation period, the UK Treasury anticipates finalizing the regulations later in the year. This regulatory push, combined with the positive impact of MiCA, suggests a potentially significant future for cryptocurrency adoption in the UK. The report underscores the dynamic and evolving landscape of global cryptocurrency ownership, with various factors influencing adoption rates across different regions.