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Liverpool has been designated as the UK’s new crypto capital, leading the rankings for digital asset involvement in a nationwide analysis of online behaviors.
Key Takeaways:
- Liverpool tops the UK in crypto and stock market participation, with 13% of its residents actively investing.
- Online habits vary significantly by region, with London preferring dating applications and Sheffield excelling in TikTok and streaming services.
- Despite increased digital engagement, a significant number of Britons report feeling overwhelmed by excessive screen time.
A report commissioned by telecommunications company Openreach indicates that 13% of Liverpool’s population regularly invests in cryptocurrencies and tracks stock markets, surpassing any other city in the nation.
The research, which examined the online activities of Britons, illustrates a society increasingly engaged with the financial and digital realms.
Liverpool Leads UK in Bitcoin Interest, Becoming Crypto Capital
While London may excel in dating app usage and Sheffield leads in TikTok and streaming, Liverpool distinguishes itself with its strong interest in financial markets, particularly Bitcoin.
The findings highlight how regional variations influence online behavior throughout the UK.
In contrast to Liverpool’s investment orientation, Manchester displayed a notable inclination towards Instagram, while Leeds showed a strong preference for Facebook.
Residents of Sheffield ranked highest in both TikTok engagement and daily online hours, with 32% spending over five hours each day connected, significantly higher than the 11% reported in Brighton.
The national average for daily online time is three and a half hours, although 20% of participants acknowledged spending more than five hours online.
Evening browsing was prevalent, with 64% accessing the internet between 11 p.m. and 6 a.m., and 19% of users engaging with YouTube during these hours.
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The survey was published to commemorate the 25th anniversary of the UK’s first home broadband installation in Basildon, Essex.
JUST IN:
Lomond School has become the first school in the UK to accept #Bitcoin for payments.
They will “look to build a Bitcoin reserve.” pic.twitter.com/xnBoDBJuip— Bitcoin Magazine (@BitcoinMagazine) April 11, 2025
However, alongside the insights into increased connectivity, the study also uncovered a growing sense of digital fatigue.
“It’s intriguing to observe how various regions of the UK are engaging with the online environment and adapting in distinct ways,” stated Katie Milligan, deputy CEO of Openreach.
“Simultaneously, it’s reassuring that many acknowledge the significance of taking breaks from devices and digital connectivity.”
UK to Enforce Mandatory Crypto Trade Reporting
The UK will mandate that crypto companies gather and report comprehensive customer information on every trade and transfer starting January 1, 2026, as part of a broad initiative to enhance tax compliance and oversight within the digital asset industry.
A recent announcement from HM Revenue and Customs (HMRC) indicates that the new regulations will require platforms to document full names, residential addresses, and tax identification numbers for all users.
Each transaction must also be recorded with details such as the cryptocurrency utilized and the amount transferred.
The reporting requirement extends beyond individual users to encompass companies, trusts, and charities involved in crypto activities.
Firms that do not comply or provide inaccurate information may incur penalties of up to £300 ($398) per user.
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