Western Europe’s $2.08 Trillion Crypto Economy Shows Resilience

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Western Europe’s crypto economy demonstrated resilience amid a global downturn, growing 1.2% between July 2025 and June 2026 to reach $2.08 trillion, according to a report by Chainalysis. This performance solidifies the region’s position as the world’s second-largest crypto economy, trailing only Asia. The European Union (EU) saw a 2.2% increase in crypto activity, while the United Kingdom, despite an 8% contraction, remained the region’s largest market with $424.5 billion in activity. Stablecoins emerged as a key driver of growth in Western Europe, with regional holdings surging 131%, compared to a global increase of 52%. This growth raised Western Europe’s share of global stablecoin balances from 3.4% to 5.1%.
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