North America Leads In Crypto $1M+ Transactions As Stablecoins Dominate: Report

Grand News Network | October 24, 2023

The fervor surrounding cryptocurrencies continues to grow, with North America spearheading institutional activity in the crypto sector.

A research report by Chainalysis reveals that 76.9% of North America's cryptocurrency transaction volume is spurred by transfers of $1 million or more.

This institutional dominance, paired with an even split in on-chain activity between decentralized finance (DeFi) and centralized exchanges, underscores the region's strategic position in the global crypto ecosystem.

Benzinga's Future of Digital Assets conference on Nov. 14 will delve deeper into these dynamics, shedding light on the evolving landscape and fostering an understanding of the crypto sector's growth trajectory.

North America's contribution to the global crypto market is significant, accounting for 24.4% of the worldwide transaction activity between July 2022 and June 2023, amassing to an estimated $1.2 trillion in value received on-chain.

The United States ...

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