Western Europe’s cryptocurrency economy has reached $2.08 trillion in annual activity, with stablecoin holdings rising 131% even as the region’s largest market, the United Kingdom, recorded a decline.
Summary
- Western Europe’s crypto economy reached $2.08 trillion, growing 1.2% despite a global market downturn.
- Stablecoin holdings across the region surged 131%, compared with global growth of 52%.
- The UK remained the largest regional crypto market at $424.5 billion, although overall activity fell 8%.
- Domestic stablecoin transfers in the UK climbed to $2.09 billion, while French self custody balances rose 192%.
According to a November 9 report from blockchain…
