For its part, India leads the list with the largest number of cryptocurrency users, with 79.2 million.

Italy leads the list of countries with highest cryptocurrency trading volume per person during the fourth quarter of 2022, with $111,265. Great Britain and the United States ranked second and third. with 91,716 and 73,279 dollars respectively.

During the last three months of 2022, Italy recorded 2.9 million crypto users and a total trading volume of $318.4 billion.

Volumes from crypto trading country per person is a 51% higher than the United States during the fourth quarter of 2022.

Total value of cryptocurrency trades per user (in dollars)

Italy adopted measures to promote the crypto ecosystem and the development of blockchain technology

Italy took some steps to promote cryptocurrency adoption in 2022. In early 2022, the main private banks in Italy started allowing their users to buy and store Bitcoin (BTC).

Read more: JP Morgan created a cryptocurrency and artificial intelligence laboratory

In July 2022, The Italian government allocated a budget of 46 million dollars to a company dedicated to the investigation of blockchain and crypto technologies. Finally, in December 2022, Italy announced that it would impose a 26% tax on all crypto income over €2,000 in 2023.

Italy: few users, lots of movement

Despite leading in terms of trading volume per person, Italy has a small number of crypto users on a global scale. With 2.9 million users, Italy ranks 11th out of 12 countries with the most number of cryptocurrency users.

The UK, the second leader in cryptocurrency trading volume, has the ninth most significant number of cryptocurrency users, with 4.7 million. The United States, for its part, ranks fourth with 30.6 million users.

Although it ranks fifth in operating volume with cryptocurrencies per person, for $50,470, Germany has the largest number of cryptocurrency users in Europe, with 5.9 million users.

However, on a global scale, India tops the list with the largest number of cryptocurrency users, with 79.2 million users. China The US and Brazil follow India in second and third place, with 64.5 million and 32.3 million cryptocurrency users, respectively.

On the other hand, the number of cryptocurrency users in the UK has increased by 45% and will reach 4.7 million users in 2022, while France recorded a year-on-year increase of 46%, reaching 3.8 million users. .

Keep reading:

► Reasons why consumers and businesses are willing to use cryptocurrencies
► Coinbase will remove 6 cryptocurrencies from its platform
► Spanish football club legal battle against Turkish exchange

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