Crypto trade volumes increased by over 500 percent in 2021 compared to 2020, resulting in widespread cryptocurrency acceptance.
Despite regulations- crypto is rising
With about €145 billion in cryptocurrency trade volume, the United Kingdom led the CNWE area. France, Germany, the Netherlands, and Spain followed the United Kingdom.
In mid-2020, when crypto transaction volumes in Europe began to rise, volumes in East Asia, the previous world cryptocurrency capital by transactions, began to fall.
According to a report, “whales,” or large institutional investors who move massive amounts of cryptocurrency, drove Europe’s development.
The firm’s data demonstrates the magnitude of that expansion. Large institutional transfers were roughly €1.2 billion in July 2020.
By June 2021, that sum had risen to €39.6 billion, making the whales responsible for more than half of the total crypto transfer volume in the CNWE.
These statistics are mind-boggling
The growth in adoption resulted in record gains for the average cryptocurrency investor. According to statistics, a considerable number of crypto investors began to earn enough to ensure the essentials of life in 2021.
According to a new report, countries in Central, Northern, and Western Europe (CNWE) accounted for 25% of all worldwide cryptocurrency activity.
Provides a fresh perspective on the mechanics of crypto earnings, dispelling the misconception that only expert traders can make a living buying and selling cryptocurrency.
With over €870 billion in bitcoin received in the past year, Europe has become the world’s largest cryptocurrency economy.
Source: https://www.thecoinrepublic.com/2022/05/08/statistics-exposed-european-countries-as-the-most-profited-from-crypto-2021/