Russia has overtaken Europe in terms of cryptocurrency transactions

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Russia has overtaken European countries in terms of cryptocurrency transactions, significantly ahead of the UK and Germany. According to the annual report of the analytical company Chainalysis, from July 2024 to June 2025, the incoming flow of digital assets into the country reached $376.3 billion."https://www.rbc.ru/crypto/news/68f206929a7947192fbe57c1 ">RBC.

The key driver of growth is institutional transfers.According to Chainalysis, the volume of large transactions (over $10 million) in Russia increased by 86% over the year, which is almost twice the European average (44%).

The A7A5 stablecoin, pegged to the Russian ruble, played a significant role in this growth. Analysts point out that it has become a key tool for international payments, simplifying cross-border settlements for businesses.

The legal status of a digital financial asset (CFA), which was the first in Russia to receive A7A5, provided companies with a legitimate opportunity to use it for foreign trade operations through the Tokeon platform.