Europe's Crypto Surge

UK's $217B Booms with Stablecoins!

Author

Rich Webb
October 25, 2024 • Read Time: 8 minutes

It seems the cryptocurrency world has a new heavyweight contender, and it's not where many would have predicted. Central, Northern, and Western Europe (CNWE) has surfaced as a formidable force, nearly elbowing North America off its top perch.

A striking $987.25 billion flowed through this region between July 2023 and June 2024, according to Chainalysis. At the heart of this financial evolution, the UK stands out, spearheading innovation and drawing $217 billion in crypto value, solidifying its status as a leader in the European crypto sphere.

The real star of the show? Stablecoins, which are outpacing Bitcoin and fueling the growth. Let's dive in!

  • CNWE crypto market rivals North America, driven by UK leadership and surging stablecoin use. — Read More

  • PA House approves crypto bill HB-2481, exempting digital assets from taxes, now awaiting Senate approval. — Read More

  • U.S. government crypto wallet tied to Bitfinex hack loses $20M in suspicious transfers, flagged as likely theft by analysts. — Read More

  • Kraken is set to launch its Ink blockchain for DeFi trading and lending with over a dozen apps slated for 2025, targeting a user-friendly experience without issuing its own token. — Read More

  • Coinbase's Layer-2 Base introduces fault proofs on October 30 to enhance decentralization and security, replacing centralized control. — Read More

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