ECNO’s rule begins The Bitcoin (BTC) and crypto markets are in full swing in Central, Northern and Western Europe. It presents itself as the largest cryptocurrency economy in the past year, with record volumes of trading.

25% of the crypto activity generated by Europe

Chainalysis has just published a report which shows that Central, Northern and Western Europe (ECNO) is largest crypto economy worldwide in the period from July 2020 to July 2021. In the same period, more than 1000 billion dollars The digital asset would have been traded by European investors.

Feather 2019ECNO ranked second behind east asia which generated about 30% Global trade in digital assets. Although “Cryptosides” Policies Sugar and South Korean result is reduce enough Trading volume from May 2020. This strict regulation of digital assets in East Asia has undoubtedly contributed to the increase in ECNO transaction volume, which represents a quarter of global crypto transactions.

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Changing typology of crypto investors

is from July 2020 That the ECNO crypto economy has accelerated its development. it coincides with runaway mutation found in types of investors. Actually, the transactions from July 2020 big organizationThat is, the number of more than $10 million continues to increase.

In July 2020, he represented the counterpart of$1.4 billion, while in June 2021, they formed more half of the transaction, with estimated value $46.3 billion. At the same time, the share of transactions conducted by private investors has declined significantly.

In addition to advancing the crypto economy In Central, Northern and Western Europe, these changes also have an impact on popular crypto investments. Actually, Decentralized Finance (DeFi) has attracted large institutional investors who have supported the investmentEther (ETH), commonly used by the DeFi protocol, omitted bitcoin and altcoins.

In contrast, institutional investors are still Maximalist Bitcoin And are exceptional compared to all other investors who support the DeFi protocol. In fact, more than 40% of investment Players in this category have moved to bitcoin.

DeFi arrives in Europe

In addition, one of the other lessons in the Chainalysis report is on the spot, taken by DeFi ECNO within the crypto ecosystem. During the first 6 months of 2021, Services were systematically top 5 Highest fund receiving crypto platform. It should be noted thatuniswap And instadapp stand out byGrowth considerable money received in the same period.

finally UK, ns France And thisGermany There are 3 countries in Central Europe that most significantly regrouped the volume of digital assets exchanged. United Kingdom holds the first place with approx. $170 billion Traded in crypto between July 2020 and June 2021.

here again, Soaring decentralized finance is verified. except Germany and Spain, more than half Interaction with crypto was done with the DeFi protocol.

In France, the role of DeFi is more important than average. This is not surprising, as the notion of savings and passive income is very culturally present in France.

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