North America dominates crypto: 26% of global transactions!

North America dominates crypto: 26% of global transactions!

North America, particularly the United States and Canada, has assumed a central role in the global crypto ecosystem. According to a recent report from Chainalysis, the two countries accounted for an impressive 26% of global crypto activity between July 2024 and June 2025. During this period, total crypto transactions in North America amounted to a whopping $2.3 trillion.

Of particular note is the peak in activity reached in December 2024 with inflows of $244 billion into North American wallets. This increase was mainly due to stablecoin transfers, which recorded a record number of transactions in the same month. Experts see the election of Donald Trump as U.S. President in November 2024 a likely catalyst for this booming market. Markets reacted optimistically to the election of a pro-crypto president who promised regulatory clarity.

Market movements and volatility

The crypto market showed increased volatility during this period, largely due to the influence of institutional capital and active trading. Interestingly, the market experienced a 35% decline in transactions in September 2024 before reaching an impressive 84% gain in November 2024. This volatility is a sign of the dynamic nature of crypto trading in North America.

Additionally, the volume of tokenized U.S. Treasuries from $2 billion in August 2024 to more than $7 billion in August 2025. These tokenized Treasuries, despite their comparatively small size in the U.S. Bond market, have established themselves as a significant part of the tokenized asset market. The increase indicates strong investor demand for accessible investment vehicles and confirms the growing interest in digital financial instruments.

The changes in the regulatory framework and monetary stimulus, such as quantitative easing in the fourth quarter of 2024, have helped increase risk appetite in the crypto sector. These factors together are fostering an increasingly optimistic market environment that is attracting many investors and contributing to further growth of the crypto industry in North America.

Overall, Chainalysis data shows that North America continues to gain traction as a driving force in the crypto space and could potentially prove to be a trendsetter in the period to come. Further observations and analyzes will be necessary to understand developments in the coming months.

For more information, you can read the full report at Chainalysis: Chainalysis.