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Highlights
- As per a latest survey, the United Kingdom has the second-highest level of cryptocurrency awareness amongst all European countries.
- Investors looking forward to investing in stocks from cryptocurrency space can go for blockchain companies.
As per a latest survey conducted by crypto platform, Coinbase, the United Kingdom has the second-highest level of cryptocurrency awareness amongst all European countries.
According to the survey, around 66% of UK adults has knowledge about cryptocurrencies. Spain topped the survey with around 80% of its population aware of cryptocurrencies.
The survey results further revealed that the UK also has the highest level of cryptocurrencies ownership. Around 29% of UK consumers with the knowledge of cryptos own or have previously possessed cryptos, the highest ownership rate amongst European countries. According to cryptocurrency experts, the consumers who are aware about the cryptos are most likely to invest and own cryptocurrencies.
Cryptocurrency is rapidly becoming a new asset class that many investors are looking to invest in for portfolio diversification. However, some investors still disapprove of cryptocurrency as they are considered high volatility and a risky asset. Such investors can look forward to investing in stocks that operate in the cryptocurrency related space like blockchain service providers or cryptocurrency mining stocks listed on London Stock Exchange, let us explore a few of them and their investment prospects:
Argo Blockchain Plc (LON: ARB)
The company is into mining of cryptocurrencies like Bitcoins and others. It uses high-speed, efficient mining machines to execute its business operations. It currently operates in Canada and the United States. Argo mined 185 bitcoins and its equivalent in November 2021, bringing the total Bitcoins mined for the current year to 1,831 BTC. The mining revenue generated in November 2021 was at £8.29 million. In addition, Argo Blockchain continues to expand its mining capacity, which will help in operational efficiency and higher revenue.
Argo Blockchain Plc’s last close was at GBX 105 on 09 December 2021, with a market cap of £491.4 million. In the last one year, the stock has given a 912% return to its shareholders.
Looking for 1000% returns? Explore these FTSE Blockchain Stocks Now
Quantum Blockchain Technologies Plc (LON: QBT)
The company invest and acquire companies that operate in blockchain technology and other related blockchain applications. The company is currently doing research and development in blockchain technology and makes investments in other companies as well. It is currently developing a 5nm Application Specific Integrated Circuit (ASIC) for Bitcoin mining.
Quantum Blockchain Technologies Plc’s last close was at GBX 2.95 on 09 December 2021, with a market cap of £26.99 million. In the last one year, the stock has given a 1,375% return to its shareholders.
