The FCA have released qualitative and quantitative research on cryptocurrency consumers in the UK. 73% of UK consumers surveyed don’t know what a ‘cryptocurrency’ is or are unable to define it and around 40% of cryptocurrency owners expect to hold it for 3 or more years, while half of them report selling some or all of it already. The two most purchased/owned cryptocurrencies are Bitcoin and Ethereum.
Fidelity have slowly rolled out ‘Fidelity Digital Assets’ after their initial announcement in October 2018, this includes cryptocurrency custody and trade execution operations. 450 institutions have been interviewed so far, ranging from wealthy families to hedge funds and pensions.
Binance Coin (BNB) is up 140% this year in comparison to Bitcoin (BTC), which is only up by 4%, a significant deviation considering the majority of the market closely mirrors BTC.