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Data: It Is Estimated That Approximately $8 Billion Worth of Cryptocurrencies Flows in and Out of Ukraine Every Year

By WebsCryptoMarch 21, 20221 Min Read
Data: It Is Estimated That Approximately $8 Billion Worth of Cryptocurrencies Flows in and Out of Ukraine Every Year
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As the conflict between Russia and Ukraine continues to spread, the world continues its efforts to restore peace and stability to the Eastern European country.

NFT companies, DAOs and crypto users around the world are taking the lead in helping Ukraine donate Bitcoin BTC 3.68% (BTC), Ether (ETH), DOTs and even NFTs.

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Ukraine ranks fourth in the global cryptocurrency adoption index compiled by data firm Chainalysis, which estimates that roughly $8 billion worth of cryptocurrencies flow in and out of the country each year. According to The New York Times, the daily trading volume of cryptocurrencies is around $150 million, surpassing the volume of hryvnia traded between banks.

DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.
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