Bangladesh, Oct. 18 -- Russia has quietly but decisively climbed to the top of Europes cryptocurrency hierarchy. According to a new report released by blockchain analytics firm Chainalysis on October 16, Russia now leads the continent in crypto transaction volume, recording an astonishing $376 billion in transactions from July 2024 to June 2025. This figure represents a 46% year-over-year increase, up from $256.5 billion the previous year, propelling the country past both the United Kingdom ($273 billion) and Germany ($219 billion).

The data signals not just a surge in investment, but a deeper transformation in Russias financial ecosystem-one that blends state caution with pragmatic adaptation to a rapidly digitizing world. In a region w...