US Crypto Boom: America Becomes the World’s $4.2 Trillion Fiat Gateway

North America has claimed the second-highest global rank for grassroots crypto activity, with the United States driving the ￰0￱ of spot Bitcoin ETFs and clearer institutional rules legitimized crypto in mainstream finance, encouraging both retail and institutional ￰1￱ momentum ensured the US stood out as the region’s anchor. America’s Crypto Dominance Explained In fact, Chainalysis’ latest breakdown revealed that the country secured second place across multiple dimensions such as centralized services, DeFi usage, and institutional activity in the 12 months ending June ￰2￱ shared by Chainalysis revealed that the United States continues to dominate global fiat-to-crypto ￰3￱ country processed more than $4.2 trillion in volume during the same ￰4￱ figure is over four times higher than any other ￰5￱ the other hand, South Korea ranked second with just above $1 trillion, while the European Union trailed with slightly under $500 ￰6￱ Purchased With Fiat.) recorded the strongest surge in on-chain crypto activity, as it posted a 69% annual increase in value ￰7￱ region’s transaction volume expanded from $1.4 trillion to $2.36 trillion, owing to the widespread participation across key markets such as India, Vietnam, and ￰8￱ up was Latin America, which achieved a 63% increase in crypto adoption, thanks to expanding interest across both retail and institutional segments.

Sub-Saharan Africa wasn’t far behind, and grew 52% as digital assets continued serving as lifelines for remittances and daily spending. Together, these regions showcase how the “Global South” is emerging as a crucial frontier for crypto growth, propelled by functional, real-world use rather than pure investment motives.