Europe becomes the largest benchmark for cryptocurrencies

According to Chainalysis, the region moved more than a trillion dollars in digital assets during 2020

The different regions of Europe, such as the central, northern and western regions, became the block of the world’s most active cryptocurrency ecosystem with more than a trillion dollars in transactions, according to the firm Chainalysis.

According to a report published this week, this block of regions had 25 % of global digital asset activity between July 2020 and June 2021.

On the other hand, the firm indicated that Europe became a hotbed of institutional investments, with transaction values ​​in this category that grew to 46.3 billion dollars in June 2021, compared to only 1.4 billion in July 2020.

Beyond the developed economies of Europe, the Chainalysis study collected information on the growing adoption of cryptocurrencies in emerging markets. The Chainalysis Global Cryptocurrency Adoption Index 2021 singled out Vietnam, India, and Pakistan as the leading countries in adoption, based on value received on-chain, retail transactions, and peer-to-peer trading volume.

K. Tovar

Source: Cointelegraph

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