UK Cryptocurrency Market Size, Price Trends, Forecast 2032

UK Cryptocurrency Market Report by Component (Hardware, Software), Type (Bitcoin, Ethereum, Bitcoin Cash, Ripple, Litecoin, Dashcoin, and Others), Process (Mining, Transaction), Application (Trading, Remittance, Payment, and Others), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112025A24966

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UK Cryptocurrency Market Overview:

The UK cryptocurrency market size reached USD 267.23 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 520.2 Billion by 2032, exhibiting a growth rate (CAGR) of 7.30% during 2024-2032. The rise of decentralized finance (DeFi), increasing blockchain adoption, growing public awareness, technological advancements, the potential launch of a central bank digital currency (CBDC), integration into payment systems, and the development of crypto investment products are some of the factors facilitating the market growth.

Report Attribute	Key Statistics
Base Year	2023
Forecast Years	2024-2032
Historical Years	2018-2023
Market Size in 2023	USD 267.23 Billion
Market Forecast in 2032	USD 520.2 Billion
Market Growth Rate 2024-2032	7.30%

UK Cryptocurrency Market Trends:

Regulatory Advancements

One of the biggest growth factors for the UK cryptocurrency market is regulatory clarity. The financial conduct authority (FCA) has implemented regulations for the crypto sector, requiring that they register and comply with counter-terrorism financing (CTF) and anti-money laundering (AML) regulations. This regulation is aimed towards categorizing the legitimate cryptocurrency firms over ambiguous firms to mitigate risks and increase consumer protection. The UK leads the way in being proactive with regulation to fill these gaps in order to improve security and create a positive environment, which is fueling the market growth.

Rise of Decentralized Finance (DeFi)

Decentralized finance (DeFi) platforms are one of the major factors driving the market growth, reshaping traditional financial services by removing the need for central authorities like banks. Through blockchain technology, DeFi enables direct transactions, eliminating intermediaries, which lowers costs and makes financial services more affordable and accessible. Additionally, DeFi platforms offer yield farming and staking products, allowing more users to earn interest or rewards by participating in networks, making opportunities for both retail and institutional investors.

Adoption of Blockchain Technology

The widespread adoption of blockchain technology across industries is another key factor driving the UK cryptocurrency market. Blockchain, the underlying technology behind cryptocurrencies, is being increasingly integrated into sectors such as finance, healthcare, supply chain, and real estate. Its ability to provide transparent, secure, and immutable transaction records is appealing to businesses looking to streamline operations and enhance data security. In finance, blockchain facilitates faster cross-border payments, reducing reliance on traditional banking systems and increasing the efficiency of international transactions. The healthcare industry uses blockchain for secure patient data management, while supply chains benefit from enhanced traceability and fraud prevention.

UK Cryptocurrency Market News:

In 2023, Crypto.com announced that it has been authorized as an Electronic Money Institution (EMI) by the United Kingdom's Financial Conduct Authority (FCA). This authorization allows Crypto.com to issue electronic money and provide payment services within the UK. The EMI license enables the company to offer a broader range of financial services to its UK customers, including e-money accounts and payment card issuance.
In 2024, the United Kingdom government announced a significant legislative proposal aimed at bringing cryptocurrencies within the scope of regulated financial assets. This move is part of a broader strategy to position the UK as a global hub for crypto innovation while ensuring robust consumer protection and financial stability.

UK Cryptocurrency Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on component, type, process, and application.

Component Insights:

Hardware
Software

The report has provided a detailed breakup and analysis of the market based on the component. This includes hardware and software.

Type Insights:

Bitcoin
Ethereum
Bitcoin Cash
Ripple
Litecoin
Dashcoin
Others

A detailed breakup and analysis of the market based on the type have also been provided in the report. This includes bitcoin, ethereum, bitcoin cash, ripple, litecoin, dashcoin, and others.

Process Insights:

Mining
Transaction

The report has provided a detailed breakup and analysis of the market based on the process. This includes mining and transaction.

Application Insights:

Trading
Remittance
Payment
Others

A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes trading, remittance, payment, and others.

Regional Insights:

London
South East
North West
East of England
South West
Scotland
West Midlands
Yorkshire and The Humber
East Midlands
Others

The report has also provided a comprehensive analysis of all the major regional markets, which include London, South East, North West, East of England, South West, Scotland, West Midlands, Yorkshire and The Humber, East Midlands, and Others.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

UK Cryptocurrency Market Report Coverage:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	USD Billion
Scope of the Report	Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment: Component Type Process Application Region
Components Covered	Hardware, Software
Types Covered	Bitcoin, Ethereum, Bitcoin Cash, Ripple, Litecoin, Dashcoin, Others
Processes Covered	Mining, Transaction
Applications Covered	Trading, Remittance, Payment, Others
Regions Covered	London, South East, North West, East of England, South West, Scotland, West Midlands, Yorkshire and The Humber, East Midlands, Others
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

How has the UK cryptocurrency market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the UK cryptocurrency market?
What is the breakup of the UK cryptocurrency market on the basis of component?
What is the breakup of the UK cryptocurrency market on the basis of type?
What is the breakup of the UK cryptocurrency market on the basis of process?
What is the breakup of the UK cryptocurrency market on the basis of application?
What are the various stages in the value chain of the UK cryptocurrency market?
What are the key driving factors and challenges in the UK cryptocurrency?
What is the structure of the UK cryptocurrency market and who are the key players?
What is the degree of competition in the UK cryptocurrency market?

Key Benefits for Stakeholders:

IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the UK cryptocurrency market from 2018-2032.
The research report provides the latest information on the market drivers, challenges, and opportunities in the UK cryptocurrency market.
Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the UK cryptocurrency industry and its attractiveness.
Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

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