United Kingdom Becomes a Major Cryptocurrency Economy Globally
The United Kingdom has established itself as a prominent global player in the
cryptocurrency economy, as indicated by a recent study. This study, unveiled by blockchain analytics firm Chainalysis in its 2023 Geography of Cryptocurrency report, also reveals the UK's position as the leading cryptocurrency hub in Central, Northern, and Western Europe (CNWE) in terms of raw transaction volume. Last year, CNWE ranked as the world's second-largest crypto economy, second only to North America, with a 17.6% share of global transaction volume and nearly $1 trillion in on-chain value generated between July 2022 and June 2023...
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