Europe is a world leader in cryptocurrencies

According to the latest Chainalysis report, over the past year, the value of the cryptocurrency market in Europe exceeded the trillion USD level, reaching a 25% share of the global crypto economy. In July 2020, CNWE overtook East Asia, placing itself in the leading position.

The first half of 2020 was the end of East Asia's global dominance in the valuation of crypto trading. The drastic drop in the indicator in question took place around July. Then, thanks to a gentle growth, the CNWE region gained the leadership position - explains Katarzyna Wabik, Community & Marketing Manager at Binance. - The reason for the above-mentioned increases was largely due to the increase in the investment movement of an institutional nature.

In fact, July 2020 is the time when a large increase in institutional investor transactions could be observed. The value of a single operation often exceeded USD 10 million.

The increase in investment traffic in this segment is best reflected by the figures. The total value of the transaction increased from $ 1.4 billion in July 2020 to $ 46.3 billion in June this year.

The most popular DeFi platform at that time was Uniswap and Instadapp, while Binance was triumphant among cryptocurrency exchanges.

We must remember that institutional investors are most interested in storing crypto assets in order to generate profits without having to sell them, e.g. by borrowing them. This type of target directs them to DeFi platforms - Katarzyna Wabik, Community & Marketing Manager at Binance.

Looking at the transaction volume in the institutional sector, I am not surprised by the dominance of DeFi platforms. It is all the more pleasing that, as Binance, we have been going along with Uniswap or Instadapp, and in some months we were able to boast even a higher turnover value.

It is worth noting that over 25% of cryptocurrency turnover was theoretically resistant to exchange rate fluctuations - stablecoins.

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