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Chainalysis Report: Global Crypto Market Cools Down—Why Did Western Europe Hold Steady?

2026-11-11 00:01:57 Source: BlokWiki News
Title: Western Europe’s $2.08 Trillion Crypto Economy Holds Steady Amid Global Downturn
Author: Chainalysis
Translated by: Luffy, Foresight News

Chainalysis — a data research firm specializing in cryptocurrency — released its *2026 Global Crypto Adoption Report*. The Western Europe chapter highlights that, despite an overall downturn in global crypto markets, the region’s crypto economy stands at $2.08 trillion — not only avoiding contraction but posting modest positive growth, underscoring remarkable resilience.

Performance within the region is highly divergent: the UK market continues to shrink; French users, driven by fiscal pressures, are rapidly shifting toward self-custodied stablecoins; and Spanish exchanges have emerged as key gateways for cross-border capital inflows into Europe. Meanwhile, stablecoin holdings across Western Europe have surged, and the euro’s share of crypto trading volume has risen in tandem — signaling a broader industry shift from speculation-driven activity toward institutionalization.

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