East Asia falls to fourth place in global crypto trading volume amid China’s crackdown


Source: fuentitech.com fuentitech.com

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Consistent crackdowns on China’s cryptocurrency transactions over the past few months have significantly reduced East Asia as a region from No. 1 to No. 4 in terms of global cryptocurrency trading volume as of June 2021. bottom. Between July 2020 and June 2021, the region’s total transaction value reached $ 590.9 billion. This represents 14% of the world’s cryptocurrency activity during that period. It’s still up 452% year-on-year, but it’s said to be one of the slowest growing regions. According to blockchain data provider Chainalysis ‘2021 [East Asia Report](//blog.chainalysis.com/reports/eastern-asia-cryptocurrency-geography-report-2021-preview) , East Asia Global Share [Cryptocurrency trading](//gadgets.ndtv.com/finance/crypto-currency-price-in-india-inr-compare-bitcoin-ether-dogecoin-ripple-litecoin) The region has declined...