Europe becomes largest crypto economy with over $1T in transactions — Chainalysis
Cointelegraph
Published Sep 28, 2021 07:00AM ET
Updated Sep 28, 2021 08:40AM ET
The region of central, northern and western Europe, or CNWE, has emerged as the world’s most active cryptocurrency block, receiving over $1 trillion worth of digital assets over the past year, according to new research from blockchain analytics firm Chainalysis.
The report, which was released Tuesday, found that the CNWE region accounted for 25% of global crypto activity between July 2020 and June 2021. The region witnessed a sharp uptick in transaction volume across all crypto sub-categories, especially decentralized finance, or DeFi.
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Written By: Cointelegraph
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