Western Europe Sees 1.5 Million in Daily Crypto Traders Amid Market Rebound: Bitget
Western Europe has emerged as a leading region in global crypto adoption, attracting a substantial number of daily traders, ranging from 1.2 million to 1.5 million individuals.
According to a new research from Bitget , Germany and France are at the forefront of activity in the region, while Austria has experienced the most significant yearly growth, witnessing a remarkable 70% surge in users.
Germany closely followed with a 69% increase, while other Western European countries demonstrated slower growth rates ranging between 15% and 20%.
When compared to other regions, Western Europe benefits from a clearer level of compliance, the report said.
Countries such as Germany, Switzerland, Belgium, France, Austria, Liechtenstein, Luxembourg, and the Netherlands adhere to the legislative framework established by the European Union for regulating crypto assets.
Centralized exchanges and spot trading dominate the cryptocurrency trading landscape in Western Europe.
Users in Germany, Switzerland, and the Netherlands exhibit a preference for trading futures, while other countries lean towards spot trading.
You can buy $BTC in Switzerland just on the #SBB ATM! If you want to buy a ticket you can also buy $BTC!
Next step into the future of #Crypto! pic.twitter.com/fNBs1IY8qs
— Nicola Lombardi (@Cryptodon74) March 28, 2024
Centralized exchanges attract the majority of daily traders, with centralized exchange (CEX) traffic surpassing decentralized exchange (DEX) traffic by a factor of 10.
Among those opting for decentralized platforms, PancakeSwap and Uniswap emerge as the most popular exchanges.
Coinbase Wallet, Metamask , Bitget Wallet, and TrustWallet are the preferred cryptocurrency wallets across the eight
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