Research Note: Cryptoassets consumer research 2023 (Wave 4)

In our latest survey we looked to further understand how the downward movement in the cryptoassets market and the rise in inflation were affecting consumers’ holdings in cryptoassets.

Read the Research Note (PDF)


We commissioned our quantitative research in August 2022 to gain insight into the size of the market and identify potential harm. Our latest research was conducted to ensure our understanding of consumer behaviour and that the areas of potential harm remain accurate. The research will also help us build on the previously gained insight into how consumers interact with the cryptoassets market.


Tim Burrell, Partnerships and Research department and Mercy Aju, Payments and Digital Assets.


Research notes contribute to the work of the FCA by providing rigorous research results and stimulating debate. While they may not necessarily represent the position of the FCA, they are one source of evidence that the FCA may use while discharging its functions and to inform its views. The FCA endeavours to ensure that research outputs are correct, through checks including independent referee reports, but the nature of such research and choice of research methods is a matter for the authors using their expert judgement. We thank YouGov for their survey methodology and findings used in this research note. Any errors or omissions in the discussion of the survey findings are attributable to the research note authors.