As the world continues to integrate cryptocurrency into its mainstream financial system, it’s clear that the global market is only going to grow.
The future of crypto looks bright, and it’s shaping up to be a fascinating time for the sector.
However, the region’s dominance doesn’t mean the rest of the world is standing still. The EU’s Markets in Crypto Assets (MiCA) regulation aims to provide a single set of rules for the entire block.
Meanwhile, Asia is reinforcing its position as a crypto superpower, with China, South Korea, and Japan taking the lead. Europe is embracing regulation, Asia is holding its ground, and new markets are emerging in Africa and the Middle East.
In the US, Bitcoin ETPs are driving the market, with institutions like Grayscale gaining significant traction. North America is leading the global cryptocurrency market as it witnessed $1.3 trillion in onchain value between July 2023 and June 2024, according to Chainalysis.
The rising adoption of crypto in the mainstream is set to continue, with institutional giants like Goldman Sachs and Blackrock taking serious positions in the space. In Africa and the Middle East, countries are starting to realize the potential of cryptocurrencies and are exploring ways to integrate them into their financial systems. Bitcoin ETPs Drive US Market, While Europe Embraces Regulation, and Asia Holds its Ground.
Crypto Gains Traction in the Mainstream as North America Dominates Global Market, Says Chainalysis. Institutional Giants Invest in Cryptos. Europe, on the other hand, is turning to regulation to facilitate the growth of the sector.
