An evaluation done on the investors across the United Kingdom has disclosed a rising interest in the new asset classes that threaten to outdo traditional finance, fueled by the features like ease of access and an adolescent crypto market.
81% of the 2,000 UK people polled by OnePoll via Tokenise preferred tokens as a safer and more secure substitute to traditional investments like oil, gold, shares, and real estate. In 2022, 24% of the respondents expressed interest in investing in tokens or NFT – indicating a “key tipping moment” for token adoption. As a result, many exchanges and providers are bidding to capitalize on the rising interest.
Influencers like artists and collectors are among the leading drivers for about 55% of existing crypto investors in the UK, while the opportunity to make purchases via app-based markets attracted 49%.
“By 2022, 44% of Londoners are prepared to buy, use, or trade a token (such as an NFT).”
The most common age group in the United Kingdom that prefers to invest in tokens and NFTs is 18 to 24. At the same time, 53% cited the possibility of investing via online portals or apps as a significant factor. The poll likewise revealed the significance of education in boosting crypto-based investment and advocated that regulated exchanges are crucial. The survey also found that while women have less exposure to tokens than males, they prefer to invest via online platforms, and 59% of female investors said they wanted to feel attached to the asset before investing.
The UK’s leading financial regulator, The Financial Conduct Authority (FCA), ordered all non-registered crypto ATMs to close at once or face undisclosed actions on March 22. They also listed three reasons for the quick enforcement: absence of regulatory structure, high-risk possibility of changing assets, and the need to adhere to the Money Laundering Regulation’s principles.