TechFlow reported on October 17 that, according to Fortune, blockchain data analytics firm Chainalysis' latest report shows the launch of spot Bitcoin ETFs has made North America the dominant force in the global crypto market. The report indicates North America accounts for 22.5% of global crypto activity, with an estimated on-chain value of $1.3 trillion. Eric Jardine, Chainalysis' head of cybercrime research, said the entry of traditional financial institutions has fundamentally transformed the industry landscape and solidified the United States' leadership in the crypto space. Additionally, 70% of crypto transfers in North America exceed $1 million, reflecting the growing influence of large financial institutions on the region's crypto market.
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