Liverpool has emerged as the UK’s foremost hub for cryptocurrency, as highlighted by a recent study examining the digital investment behaviors of residents nationwide.
Key Findings:
Liverpool tops the UK charts for engagement with cryptocurrencies and stock markets, with 13% of its population actively participating in investments.
Regional online behaviors exhibit notable differences, with London leading in dating app usage, while Sheffield excels in TikTok and streaming performance. Despite increased digital engagement, a considerable portion of the population expresses fatigue from prolonged screen time.
A report commissioned by Openreach, a telecommunications provider, reveals that 13% of Liverpool’s citizens routinely invest in cryptocurrencies and keep an eye on stock markets, outpacing any other city in the country.
This comprehensive study sheds light on the UK’s growing immersion in the realms of finance and digital technology.
Liverpool Emerges as the UK’s Crypto Capital with Bitcoin Enthusiasm
While London leads in the realm of dating applications and Sheffield takes the crown for TikTok engagements, Liverpool distinguishes itself through its active financial market involvement, particularly in Bitcoin.
The findings highlight how regional disparities influence online activities throughout the UK.
In contrast to Liverpool’s investment enthusiasm, Manchester shows a strong preference for Instagram, while Leeds is more engaged with Facebook.
Residents of Sheffield are reported to be the most active on TikTok, with 32% spending over five hours online each day, significantly higher than the 11% noted in Brighton.
The average time that UK citizens spend online is three and a half hours daily, although 20% of participants admitted to exceeding the five-hour mark.
Evening browsing trends show that 64% are online between 11 p.m. and 6 a.m., with 19% turning to YouTube during those late-night hours.
This survey coincides with the 25th anniversary of the UK’s first residential broadband installation in Basildon, Essex.
JUST IN: Lomond School becomes the first institution in the UK to accept #Bitcoin for payments.
They plan to “build a Bitcoin reserve.” pic.twitter.com/xnBoDBJuip
— Bitcoin Magazine (@BitcoinMagazine) April 11, 2025
While the data indicates a trend of increased connectivity, it also reveals a growing sense of digital exhaustion among users.
Approximately 43% of respondents admitted to feeling that they waste time online, while 37% expressed concerns about “doom-scrolling.” Furthermore, one-third of those surveyed indicated they would experience greater relaxation if they reduced their internet usage.
“It’s intriguing to observe the varying ways in which different regions of the UK engage with the online landscape,” stated Katie Milligan, deputy CEO of Openreach.
“At the same time, it’s heartening to see that many acknowledge the necessity of stepping away from digital devices and fostering a balance with their connectivity.”
Mandatory Crypto Trade Reporting Set to Launch in the UK
Beginning January 1, 2026, the UK will mandate that cryptocurrency firms collect and report comprehensive customer data for every trade and transfer. This initiative is part of a larger effort to enhance tax compliance and oversight in the digital asset domain.
According to a recent announcement from HM Revenue and Customs (HMRC), new regulations will require platforms to document complete customer names, residential addresses, and tax identification numbers.
Detailed records must be maintained for each transaction, specifying the cryptocurrency utilized and the amount transferred.
The reporting requirements extend to not only individual users but also companies, trusts, and charities involved in crypto transactions.
Penalties of up to £300 ($398) per user may be imposed on firms that fail to comply or provide inaccurate data.
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