---
title: "Global Crypto Trading Volume to Surpass $108 Trillion in 2024, Europe Leads With 37.32%"
url: https://diffcoin.com/global-crypto-trading-volume-to-surpass-108-trillion-in-2024-europe-leads-with-37-32/
description: "Europe has taken the top spot in the crypto market, accounting for 37.32% of global transactions."
published: 2024-07-14
updated: 2024-07-14
author: "Mila"
site: "Diffcoin"
---

# Global Crypto Trading Volume to Surpass $108 Trillion in 2024, Europe Leads With 37.32%

The global crypto trading volume is projected to surpass $108 trillion this year, reflecting an increase of nearly 90% compared to 2022, as reported by CoinWire.

Europe has taken the lead in this growing market, representing 37.32% of total crypto transaction value, and is projected to see a 2.7-fold increase this year from 2022.

## Russia Dominates Europe in Crypto Trading

According to a report shared with *CryptoPotato,* Europe’s advanced regulatory frameworks and tech-savvy population foster an environment for crypto innovation and investment. Such conditions could propel Europe’s crypto trading volume to reach $40.5 trillion in 2024, an estimated 2.7-fold increase from $15 trillion in 2022.

This growth highlighted Europe’s increasing influence in the global crypto market, driven by a strong financial infrastructure, progressive regulations, and growing adoption of digital assets.

CoinWire’s report further revealed that Russia leads Europe in crypto trading, ranking among the top five globally with a trading volume exceeding $633 billion. The United Kingdom follows closely with over $624 billion, making it the second-largest market in Europe and sixth worldwide. London is recognized as a crypto-ready city owing to advanced financial services and favorable government policies.

Meanwhile, Slovenia has the highest monthly crypto expenditure per capita, averaging $2,609, which is over 3.46 times the monthly rent, indicating strong confidence in digital assets.

In Ukraine, crypto is a vital alternative to fiat currency, with citizens spending nearly three times their monthly rent on crypto, about 2.58 times their monthly wage, demonstrating its practical utility in preserving value.

## North America: Only Continent With Decreasing Volume

Following closely behind Europe is Asia. CoinWire suggests that Asia’s crypto trading volume is expected to reach $39.3 trillion in 2024, up from $27.1 trillion in 2022, driven by expanding adoption and favorable market conditions.

Additionally, Africa’s trading volumes are projected to rise to $10.8 trillion in 2024, up from $2 trillion in 2022 and $2.7 trillion in 2023, with Nigeria and South Africa leading the growth.

South America’s crypto trading volume is estimated to reach $7.82 trillion in 2024, a significant increase from $2.29 trillion in 2022 and $3.03 trillion in 2023, reflecting a 3.42-fold jump over three years.

In contrast, North America is experiencing a decline in crypto trading volume. After peaking at $13.6 trillion in 2023, the volume is expected to drop to $7.7 trillion in 2024, down from $10.3 trillion in 2022. This decline suggests changing market dynamics, potentially due to stricter regulations or market maturity.

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[Source link](https://cryptopotato.com/global-crypto-trading-volume-to-surpass-108-trillion-in-2024-europe-leads-with-37-32/)