Russia Overtakes UK as Europe’s Leading Crypto Market Amid Resilient Growth
Europe's cryptocurrency market has demonstrated remarkable resilience over the past two years, with Russia emerging as the continent's dominant player. Chainalysis data reveals $376.3 billion in crypto received by Russian users between July 2024 and June 2025, surpassing Britain's $273.2 billion by a widening margin.
Transaction volumes peaked at $234 million in December 2024 before continuing their robust recovery into 2025, signaling market maturity. The top 10 European crypto markets now span the entire continent, reflecting broad-based adoption despite regulatory fragmentation.
While Russia consolidates its lead, competition intensifies among secondary markets. The UK's advantage over other major European jurisdictions has narrowed significantly compared to previous years, suggesting a potential realignment of regional crypto flows.
