📰 Table Of Contents
Western Europe: A Hub for Crypto Adoption
Western Europe has emerged as a leading region in global crypto adoption, with a substantial number of daily traders ranging from 1.2 million to 1.5 million individuals.
Key Findings from Bitget Research
- Germany and France lead crypto activity in the region
- Austria experiences a significant yearly growth of 70%
- Clear compliance levels in Western Europe compared to other regions
Trading Trends in Western Europe
Centralized exchanges and spot trading dominate the cryptocurrency trading landscape in Western Europe. Users in different countries exhibit preferences for specific trading methods:
- Germany, Switzerland, and the Netherlands prefer futures trading
- Other countries lean towards spot trading
Popular Exchanges and Wallets
Centralized exchanges attract the majority of daily traders, with PancakeSwap and Uniswap being popular decentralized platforms. Preferred wallets across the region include Coinbase Wallet, Metamask, Bitget Wallet, and TrustWallet.
DeFi and Crypto Activity
Decentralized finance (DeFi) dominates crypto activity in Western Europe, with limited peer-to-peer (P2P) trading volumes. Traders actively engage in decentralized projects, NFTs, Web3 platforms, and popular chain ecosystems like Solana.
Emerging Cryptocurrencies
New cryptocurrencies such as Ordinals, NFTs, RWAs, DePin, Solana ecosystem tokens, and meme coins have gained attention among Western European traders.
Insights from Bitget Research
The research suggests that cryptocurrency participants in Western Europe are well-educated, cautious, and focused on long-term investments. They actively participate in online and offline forums to exchange market insights and discuss industry trends.
Recent surveys indicate that nearly 50% of European cryptocurrency holders owned Bitcoin in February.
Ian is a cryptocurrency enthusiast blending humor with professionalism. With an engineering background and a storyteller's heart, he simplifies the blockchain world with sharp analysis and a touch of wit. At Cryptowire, he brings his unique perspective to make digital financial innovation accessible to all.
