The country has recorded over $370 billion in crypto transactions over the past year, surpassing the UK and Germany
Russia has overtaken its peers to become Europe’s largest cryptocurrency market by transaction volume, according to data from blockchain analytics firm Chainalysis.
In a report released on Thursday, the firm said that from July 2024 to June 2025, Russia received $376 billion in crypto value – up from $256.5 billion a year earlier and surpassing the UK’s $273 billion. Both nations are considered Europe’s leading crypto markets. Germany followed with $219 billion, Ukraine with $206.3 billion, and France with $180.1 billion.
Chainalys…
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