The largest crypto economy in Europe: which country tops the ranking
The modern rhythm of life can be described in one word - dynamic, as changes in every sphere occur very quickly. This is especially noticeable in the world of finance, where a new ecosystem has been formed - cryptocurrencies that have become an integral part of our everyday life.
The UK has made significant progress in cryptocurrency transactions, reaching a volume of $252.1 billion. This figure makes it the leader in Europe, but only the third in the world.
According to Chainalysis , the UK is only ahead of the US and India in the global market. However, the Central, Northern and Western Europe (CNWE) region, which includes the UK, is the second largest in terms of such transactions, with a 17.6% share and a total value of $1 trillion.
Other leading countries in the region include Germany, Spain, France, the Netherlands, and Italy. The popularity of DeFi services among users has reached 54.8%.
Jamie McNaught, founder and CEO of Solidi Bitcoin Exchange, said that the British are actively looking for a replacement for traditional savings and investments. After the decline of NFTs, they turned their attention to bitcoin, Ethereum, as well as lesser-known cryptocurrencies such as XRP, Cardano, and Solana.
The US (38%) and China (21%) remain the traditional leaders in terms of mining investment, although this is more related to population size than government support.
Oman, the UAE, El Salvador, and Bhutan are also among the mining leaders supporting this process. On the White BIT exchange, 96% of digital assets are stored in cold wallets, and they use Web Application Firewall (WAF) to detect and block hacker attacks.