UK Leads in Crypto Activity Across Central, Northern, and Western Europe: Chainalysis Insights

The United Kingdom has established itself as a leading cryptocurrency economy globally, ranking as the largest in Central, Northern, and Western Europe (CNWE) based on raw transaction volume, according to a recent study.

Blockchain analytics firm Chainalysis published two new chapters of its 2023 Geography of Cryptocurrency report on October 18, featuring insights from both the CNWE study and an updated edition on Eastern Europe.

The report highlights the top countries based on cryptocurrency value received from July 2022 to June 2023.