A survey conducted in the United Kingdom (UK), between February and May 2024, found that the main challenge in entering the cryptocurrency ecosystem was that the market was associated with many scams. The second-most common barrier according to the respondents was that the market was too volatile, and it was too risky to join it.
Main challenges in entering cryptocurrency ecosystem according to adults in the United Kingdom (UK) as of May 2024
Characteristic
Share of respondents
There are too many scams
57%
The market is too volatile; it is too risky
51%
People don't know where to start
40%
People don't understand the purpose of this technology
35%
The technology is too complex; only tech-savvy people can enter the ecosystem
32%
There are potential regulatory issues
27%
It is too expensive
16%
This technology is not innovative or different from what
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
ConsenSys. (December 10, 2024). Main challenges in entering cryptocurrency ecosystem according to adults in the United Kingdom (UK) as of May 2024 [Graph]. In Statista. Retrieved December 19, 2024, from https://www.statista.com/statistics/1546792/uk-crypto-market-challenges/
ConsenSys. "Main challenges in entering cryptocurrency ecosystem according to adults in the United Kingdom (UK) as of May 2024." Chart. December 10, 2024. Statista. Accessed December 19, 2024. https://www.statista.com/statistics/1546792/uk-crypto-market-challenges/
ConsenSys. (2024). Main challenges in entering cryptocurrency ecosystem according to adults in the United Kingdom (UK) as of May 2024. Statista. Statista Inc.. Accessed: December 19, 2024. https://www.statista.com/statistics/1546792/uk-crypto-market-challenges/
ConsenSys. "Main Challenges in Entering Cryptocurrency Ecosystem According to Adults in The United Kingdom (Uk) as of May 2024." Statista, Statista Inc., 10 Dec 2024, https://www.statista.com/statistics/1546792/uk-crypto-market-challenges/
ConsenSys, Main challenges in entering cryptocurrency ecosystem according to adults in the United Kingdom (UK) as of May 2024 Statista, https://www.statista.com/statistics/1546792/uk-crypto-market-challenges/ (last visited December 19, 2024)
Main challenges in entering cryptocurrency ecosystem according to adults in the United Kingdom (UK) as of May 2024 [Graph], ConsenSys, December 10, 2024. [Online]. Available: https://www.statista.com/statistics/1546792/uk-crypto-market-challenges/
