According to a report released by Chainalysis, the United States and Canada contributed 24.4% to global transaction activity over the past year. From July 2022 to June 2023, the US's cryptocurrency trading volume exceeded $1 trillion, with the region, along with Canada, accounting for almost a quarter of global transaction volume. Large institutional investors are the main driving force behind this activity, with 76.9% of the region's trading volume consisting of transfers of $1 million or more. The company stated that North America still dominates global DeFi transaction volume, but the share of decentralized protocols in overall transaction volume has been declining over the past year.
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Nearly a Quarter of Global Crypto Trading Activity Comes from the United States and Canada
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