{"id":86154,"date":"2023-10-24T16:46:43","date_gmt":"2023-10-24T13:46:43","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=86154"},"modified":"2025-09-13T03:42:41","modified_gmt":"2025-09-13T00:42:41","slug":"us-residents-conduct-over-1-trillion-in-crypto-transactions-in-a-year","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/us-residents-conduct-over-1-trillion-in-crypto-transactions-in-a-year\/","title":{"rendered":"US residents conduct over $1 trillion in crypto transactions in a year"},"content":{"rendered":"

From July 2022 to June 2023, US residents conducted cryptocurrency transactions totaling more than $1 trillion, the highest figure in the world. This is evidenced by \u043e\u0442\u0447\u0435\u0442<\/a> \u0430\u043d\u0430\u043b\u0438\u0442\u0438\u0447\u0435\u0441\u043a\u043e\u0439 \u043a\u043e\u043c\u043f\u0430\u043d\u0438\u0438 Chainalysis.<\/p>\n

North America accounted for 24.4% of the global transaction volume during the period.<\/p>\n

\"na-all-region-shares-1536x989-1\"
Data: Chainalysis.<\/figcaption><\/figure>\n

The key driver of this activity is institutional investors. 76.9% of total transactions consist of transfers of $1 million and above.<\/p>\n

the collapse of the FTX exchange<\/a> and the start of criminal proceedings against Sam Bankman-Fried prompted outflows from the market by major players. However, the greater impact on the sector was the March crisis, marked by the closure of crypto-friendly banks Silicon Valley Bank<\/a>,Silvergate<\/a> andSignature<\/a>.<\/p>\n

Since June, activity in the region has been recovering.<\/p>\n

Alongside this, Chainalysis noted a decline in stablecoin usage from 70.3% to 48.8% of on-chain transaction volume in the region over the past year. At the same time, most stablecoin transactions occur on exchanges that are not licensed in the United States.<\/p>\n

\"na-stables-issuers-1536x632-1\"
Data: Chainalysis.<\/figcaption><\/figure>\n

North America continues to dominate the global turnover of the DeFi sector. As of June, on-chain activity in the United States and Canada was relatively evenly split between DeFi and centralized exchanges, according to analysts.<\/p>\n

\"na-regions-platforms-copy-1536x947-1\"
Data: Chainalysis.<\/figcaption><\/figure>\n

In Chainalysis\u2019s global crypto adoption ranking for 2023, India, Nigeria, Vietnam, the United States and Ukraine topped the list. <\/p>\n

The United Kingdom accounted for the largest volumes of crypto transactions in Europe \u2014 approximately $252.1 billion<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

From July 2022 to June 2023, US residents conducted cryptocurrency transactions totaling over $1 trillion, the highest in the world.<\/p>\n","protected":false},"author":1,"featured_media":86155,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[274,1093,807,26],"class_list":["post-86154","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-chainalysis","tag-defi","tag-stablecoins","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"11","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/86154","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=86154"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/86154\/revisions"}],"predecessor-version":[{"id":86156,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/86154\/revisions\/86156"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/86155"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=86154"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=86154"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=86154"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}