UK’ crypto companies have full belief in crypto adoption within a decade

A survey noted that the majority of the crypto companies have full belief in the crypto industry to see mainstream adoption.

The UK is a very strict region in the world, where crypto companies are required to follow strict provisions to offer you crypto services. At present, only a few dozen crypto companies are actively giving crypto offerings and other new companies are failing to get regulatory approval from the UK’s Financial Conduct Authority (FCA) to provide services. 

Recently a survey has been conducted on every type of crypto-related services providers like banks, hedge funds, pension fund managers, and brokerage firms. In all these companies, there were a total of 250 companies of the UK.

70% of 250 UK crypto firms admitted that crypto adoption will be at mainstream level within the next 10 years. Around 60% of these companies are continuously suggesting their clients invest in cryptocurrencies. 

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Julian Sawyer, the Chief executive officer of Bitstamp crypto exchange, commented on such finding and noted that now crypto investment is moving not only toward the retail level but also at the institutional level. 

“In the last few years, cryptocurrencies have moved from the outskirts of the financial ecosystem to find themselves front and center of mainstream investing, with many of the largest trading venues in the world now catering to both retail and institutional crypto needs.”

Bitstamp CEO also noted that cryptocurrencies have already passed the survival situation and now in this situation, it is a time to evolve for this industry. 

This survey was conducted on 1,000 retail crypto investors and noted that 40% of crypto users are ready to use crypto assets in payment methods. However, these things are showing positive signs toward crypto because of their hopes to get a better regulatory ecosystem in the future but for now, the majority of them are under unclear regulatory concerns. 

Read also: National Bureau of Economic Research claims El Salvador Bitcoin adoption is very slow

UK’ crypto companies have full belief in crypto adoption within a decade

 

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