Annual crypto adoption development in the UK 2020-2023, by metric

Published by
Raynor de Best,
Dec 10, 2024
The United Kingdom was believed to be in the top 20 countries in the world in 2022 with regard to crypto adoption. This is according to a model based on website traffic patterns from individual websites used for cryptocurrency transactions. The UK ranks consistently in the top 20 throughout the years under consideration, although its P2P activities seem to lower its global ranking when compared to countries from Asia.

Crypto Adoption Index ranking of the United Kingdom (UK) from 2020 to 2023, by metric

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Sources

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Release date

October 2023

Region

United Kingdom

Survey time period

July 2020 to June 2023

Special properties

Ranking (1 = highest, 146 = lowest); Weighted by purchasing power parity (PPP) per capita

Supplementary notes

All figures have been collected by Statista.

The source explains that its index is calculated using five different sub-indices, which are estimated using an individual country's cryptocurrency transaction volume in different situations. These estimates are based off web traffic patterns from individual websites that are used for such transactions and/or protocols.

Several changes were made to the source's methodology over the years. In 2022, the main change involved the inclusion of Decentralized Finance (DeFi) transaction volume. Centralized and Decentralized sub-indices both count equally to the overall index.

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Market share

7

Penetration

8

Biggest brands

7

Users

7

Transaction value

7

Number of transactions

7

Miscellaneous

7

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Digital payments landscape in the UKMobile payments with digital walletsE-commerce in the United Kingdom (UK)Fintech in EuropeCrypto payments
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