Liverpool has been named the UK's cryptocurrency capital, with residents showing the highest levels of digital asset investment across the country, according to new research.

A study commissioned by telecommunications firm Openreach found that 13 per cent of Liverpool residents regularly invest in cryptocurrencies and monitor stock markets, outpacing all other UK cities for financial market engagement.

The research, which examined online behaviour patterns across Britain, revealed stark regional differences in digital habits. While Liverpool residents focus on investment activities, other cities have developed distinct online preferences.

London leads the nation in dating app usage, with residents showing significantly higher engagement with romantic platforms compared to other regions. Meanwhile, Sheffield has emerged as the UK's social media hub, dominating both TikTok usage and music streaming, with 32 per cent and 30 per cent of residents respectively engaging with these platforms regularly.

Manchester residents showed the strongest preference for Instagram usage at 27 per cent, whilst Leeds favoured Facebook, with 43 per cent of residents actively using the platform.

The study also highlighted patterns around screen time and digital fatigue. Sheffield residents spend the most time online overall, with 32 per cent spending more than five hours daily connected to the internet, compared to just 11 per cent in Brighton.

Nationally, the average British person spends three and a half hours online daily, though 20 per cent of respondents admitted to exceeding five hours. Night-time browsing proved popular, with 64 per cent going online between 11pm and 6am, and 19 per cent using YouTube during these hours.

The research revealed growing concerns about digital consumption habits. Some 43 per cent of respondents felt they wasted time online, whilst 37 per cent expressed worry about "doom-scrolling" behaviour. A third believed they would feel more relaxed with reduced internet usage.

"It's fascinating to see how different parts of the UK are embracing the online world and adapting to it in unique ways," said Katie Milligan, deputy chief executive officer of Openreach. "At the same time, it's encouraging that many recognise the importance of taking time away from devices and digital connectivity."

The survey was released to mark the 25th anniversary of the UK's first home broadband installation, which took place in Basildon, Essex, in April 2000.

Separately, the UK government has announced new cryptocurrency regulations requiring firms to collect detailed customer information from January 2026. The rules will mandate platforms record full names, addresses, and tax identification numbers for all users, with each transaction requiring specific logging including cryptocurrency type and transfer amounts.

Companies failing to comply with the new reporting requirements may face penalties of up to £300 per user, as HM Revenue and Customs seeks to strengthen tax compliance and oversight in the digital asset sector.

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