Gemini Report: US and UK Crypto Adoption Rates Stable Amid Resistance

According to BlockBeats, on September 10, crypto trading platform Gemini said in its “Global Crypto State in 2024” report on Tuesday that despite facing some major resistance, crypto adoption rates in the United States and the United Kingdom have remained stable in recent years, and the retail market now looks ready to rebound.

The report is based on a survey of 6,000 people in the United States, the United Kingdom, France, Singapore and Turkey, and was conducted online from May 23 to June 28 this year. The report said that from 2022 to 2024, the adoption rate of cryptocurrencies in the United States and the United Kingdom will remain basically unchanged at 21% and 18% respectively.

During the same period, digital asset ownership in France increased from 16% to 18%, while digital asset ownership in Singapore decreased from 30% to 26%.

Gemini said nearly two-thirds of respondents said they hold cryptocurrencies for their long-term investment potential, and 38% said they hold the asset class as a hedge against inflation.

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