Liverpool Emerges as the UK’s Crypto Capital

A new report commissioned by telecommunications giant Openreach reveals that Liverpool leads the nation in cryptocurrency engagement, with 13% of its residents regularly investing in digital assets and monitoring stock markets—more than any other city in the UK.

This finding positions Liverpool as the country’s “crypto capital,” highlighting a local appetite for Bitcoin and other cryptocurrencies that outpaces even the nation’s largest financial hubs.

The Brit's love for social media

The Openreach study, which examined the online behaviors of Britons, paints a vivid picture of a nation with a wide spectrum of differing interests.

While Liverpool stands out for its investment activity, other cities have their own "vices." For example, London dominates in the use of dating app usage, with 24% of residents using such platforms at least three times a week, compared to a 4% national average.

On the other hand, the city of Sheffield leads when it comes to Tiktok engagement and streaming, with 32% of residents spending more than five hours online daily, which is nearly three times higher than a average person in Britain.

Similarly, Manchester showed a clear preference for Instagram, while Leeds leaned heavily into Facebook.

This survey was released to mark the 25th anniversary of the UK's first home broadband installation in Basildon, Essex.

But as Brits are increasingly connected on the digital world, the report also highlights growing concerns about screen time and online habits.

About 43% of respondents felt they wasted time online, while 37% cited worries over “doom-scrolling".

A third of those surveyed believe they would feel more relaxed if they reduced their internet use.

Katie Milligan, deputy CEO of Openreach, noted how fascinating it was to see how Brits are being more digitalised but at the same time being increasingly aware of their screen time usage.

“It’s fascinating to see how different parts of the UK are embracing the online world and adapting to it in unique ways. At the same time, it’s encouraging that many recognise the importance of taking time away from devices and digital connectivity”.

UK Mandates Reporting by 2026

Amid this backdrop of growing digital and financial engagement, the UK government is set to enforce sweeping new regulations for the crypto sector.

Starting January 1, 2026, all crypto firms will be required to collect and report detailed customer information on every trade and transfer, as part of an effort to strengthen tax compliance and oversight in the digital asset industry.

According to HM Revenue and Customs (HMRC), platforms must record the full names, home addresses, and tax identification numbers of all users.

Each transaction must also be logged with specifics such as the cryptocurrency used and the amount transferred.

This clause would apply to not just individual users, but also companies, trusts, and charities engaged in crypto activity.

Firms that fail to comply or submit inaccurate data may face penalties of up to £300 ($398) per user.