One in nine adults in the United Kingdom could make their first cryptocurrency purchase over the next year, data from UK money app Ziglu suggests. Should they all take the plunge that would mean 21 percent of UK adults would own some digital currency.
Of that 11 percent, three percent will definitely buy, with the remainder saying it is quite likely. When asked why they are likely to make their maiden buy, 29 percent said it was easier to test the market with a small purchase, while 27 percent expect values to increase. Not far behind are those who say it’s because crypto is becoming more mainstream (26 percent) and more secure (23 percent). Other reasons given were it is cheaper to buy and the encouragement of loved ones.
“Cryptocurrencies are becoming increasingly mainstream,” Ziglu founder and CEO Mark Hipperson said. “Our findings show that around 39% of people who own cryptocurrencies first bought them in the past 12 months, and a huge number of people plan to become first-time buyers over the next 12 months.”
“There is a wide range of choice for people in terms of platforms to use, but they should focus on how easy the platforms are for first-time buyers, the fees for small transactions, and in particular security and levels of insurance offered to protect your assets.”
Authorized and regulated by the Financial Conduct Authority as an electronic money institution, Ziglu offers access to Bitcoin, Bitcoin Cash, Cardano, Ether, Litecoin, Tezos and LINK. It complies with the Anti Money Laundering and Counter Terrorist Financing standards set by Financial Action Task Force (FATF).
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