BeInCrypto –

With more than $1 trillion in transactions, Europe has become the largest digital currency economy in the world.

A Sept. 27 report from Chainalysis states that Europe has grown to become the number one in the world in terms of cryptocurrency activity. Specifically, the area of Central, Northern, and Western Europe is known as the CNWE.

The region has received more than $1 trillion worth of cryptocurrencies over the last year, around a quarter of global activity in the same time. The CNWE ranked second this time last year behind Eastern Asia. The report suggests that the cause for this shift has a lot to do with CNWE’s growing interest in cryptos and the decline of activity in Asia.

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