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London and Belfast are the most popular UK crypto cities. Newcastle is last

. Following on from a piece we wrote about the uptake of crypto within the UK, this one will dive a bit deeper into which British cities own the most crypto, and what the variance is across the country. The average Brit crypto investor has spent PS473 Overall, one in three Brits across the country…

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Following on from a piece we wrote about the uptake of crypto within the UK, this one will dive a bit deeper into which British cities own the most crypto, and what the variance is across the country.

The average Brit crypto investor has spent PS473

Overall, one in three Brits across the country own crypto, according to VoucherCodes’ survey.

The average amount spent on crypto is PS473. Although this is not a significant amount, it can make a difference in your life.

5% of Brits have spent greater than PS2,000 on crypto. The markets have been very bad this year. The collapse of FTX this year is just the latest blow to an industry that has struggled all year.

This means that a large portion of these British investors are likely in the red, with crypto prices in freefall since Bitcoin’s all-time high of close to $69,000 in November 2021.

London the leading crypto city, Belfast second

London leads the way with an average spend of PS777.

It is not surprising that London is the UK’s financial center – and the hub for Europe as a whole – and is at the top of the list.

A PS777 spend is well clear of the average of PS473. Perhaps more notable is Belfast in second, with the Northern Irish city coming in at an average spend of PS699 – not too far off London.

Completing the top three is the Welsh city of Cardiff, shelling out an average of PS572 on crypto.

Newcastle spend the least on crypto

At the other end of the scale is Newcastle, with an investment of PS230 on average, the lowest in the survey.

The Northern city (which have the greatest football team in the world, this totally impartial journalist says) spend over 50% less than the UK average, and close to 70% less than Londoners.

With the current state of the market, it seems like the Geordies were right to make the right decision. Other cities that spend below the average include Liverpool, Brighton and Leicester, as well as Sheffield.

Sources

VoucherCodes.co.uk


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