Russia Overtakes UK as Europe’s Largest Crypto Market, Chainalysis Finds
Key Takeaways
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Russia recorded $376 billion in crypto transaction value between July 2023 and June 2025, beating the U.K. and Germany.
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Chainalysis found that the EU’s Markets in Crypto-Assets framework is boosting institutional participation.
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The U.K. remains an innovation hub but is falling behind the EU’s regulatory progress.
Russia has overtaken the U.K. to become Europe’s largest cryptocurrency market by transaction volume, according to data from blockchain analytics firm Chainalysis released on Thursday.
In a report emailed to CCN, between July 2023 and June 2025, Russia received…
