New Chainalysis Report: Central, Northern, & Western Europe Now The Biggest Global Cryptocurrency Economy

Today, blockchain data platform Chainalysis has published its latest report, focusing on the cryptocurrency market across Western, Central and Northern Europe. 

This follows previous reports, which analysed Eastern Europe’s Crypto Crime Landscape, Global DeFi Adoption and Global Crypto Adoption. 

Key takeaways from the report include:                                                

• Central, Northern, & Western Europe (CNWE)  now has the biggest cryptocurrency economy in the world, receiving over $1 trillion worth of cryptocurrency over the last year, which represents 25% of global activity
                                                                  
• The United Kingdom is driving the most cryptocurrency activity when looking at value received - leading by a wide margin of $170 billion, 49% of which is from value sent to DeFi protocols. France, Germany, the Netherlands, and Switzerland round out the top five. 
• CNWE is the biggest cryptocurrency trading partner for every other region around the world (based on Chainalysis analysis), sending at least 25% of all value received by other regions, including a whopping 34% for North America.