Bitcoin ETF rush has made North America the dominant player in the global crypto market, report says
The biggest story in crypto this year has been the approval of spot Bitcoin exchange-traded funds, which entered the market in January and have been a wild success. Almost a year in, these products have helped propel the once-fringe crypto industry into the mainstream and expanded global adoption, a new report from blockchain data analysis firm Chainalysis says.
The arrival of traditional financial institutions has transformed the industry and solidified the United States as a dominant force. “It’s just fundamentally changed the scene in the North American setting, but with global ramifications,” Eric Jardine, Chainalysis’ cyber crimes research lead, told Fortune.
North America makes up 22.5% of global crypto activity,…
