Europe Became the World’s Biggest Crypto Economy Boasting Over $1Trillion Worth of Transactions
📣 #Europe Became the World’s Biggest #CryptoEconomy Boasting Over $1Trillion Worth of #Transactions
👉 Central, Northern, and #WesternEurope (#CNWE) has grown into the world’s largest cryptocurrency #economy since July 2020. The region experienced a massive increase in trading activity since then — particularly in the #DeFispace.
👉 CNWE has received over $1 trillion in cryptocurrency over the last year alone. It represents 25% of global trading activity. Furthermore, it is responsible for at least 25% of all #crypto value received by other regions, including 34% of the value received in #NorthAmerica.
👉 Significant institutional transaction value grew from $1.4B in July 2020 to $46.3B in June 2021, where over 80% of these large institutional transactions happened in June.
👉 Despite being the largest cryptocurrency by market cap, #Bitcoin heavily trails #Ethereum in transaction volume among large institutional investors. Additionally, #DeFi protocols took up a majority share of funds received by cryptocurrency services in CNWE in June 2021.
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