Chainalysis: Russia’s crypto market hits a record $376bn
Between July 2024 and June 2025, Russia’s crypto market reached $376bn, putting the country first among European nations, according to a report by Сhainalysis.
The UK, which traditionally topped the ranking, slipped to second with $273.2bn. Germany ($219.4bn), Ukraine ($206.3bn) and France ($180.1bn) rounded out the top five.
Analysts also recorded a record rise in crypto transaction volume attributable to Russia, which reached $379.3bn.
Key drivers included a jump in large institutional…
