North America Crypto Volume Hits $2.3 Trillion, Chainalysis Report Reveals

Core Insights - North America has emerged as a significant hub for cryptocurrency activity, with substantial transaction volumes recorded over the past year, indicating growing institutional and retail interest in digital assets, particularly in the United States [1] Group 1: Transaction Volumes - North America received $2.3 trillion in cryptocurrency value from July 2024 to June 2025, accounting for 26% of all global transaction activity during this period [2] - A peak monthly transaction value of approximately $244 billion was recorded in December 2024 [3] Group 2: Market Drivers - The rise of spot Bitcoin ETFs has significantly contributed to market expansion, with U.S.-listed Bitcoin ETFs holding over $120 billion in assets under management (AUM), representing a large portion of the global total of roughly $180 billion [4] - The market for tokenized real-world assets has also seen notable growth, with funds holding tokenized U.S. treasuries increasing their AUM from about $2 billion to over $7 billion [4] Group 3: Institutional and Retail Activity - The strong demand for ETFs is evident in the recent resumption of inflows, despite some criticism from figures like Robert Kiyosaki [4] - Retail activity remains robust, with centralized exchanges processing trillions in trades for everyday users, although North American markets exhibit more volatility due to a higher concentration of institutional trading [6]