{"id":553347,"date":"2023-09-28T17:00:55","date_gmt":"2023-09-28T17:00:55","guid":{"rendered":"https:\/\/wncen.com\/?p=553347"},"modified":"2024-06-11T10:18:22","modified_gmt":"2024-06-11T10:18:22","slug":"crypto-whale-center-1-million","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/crypto-whale-center-1-million\/","title":{"rendered":"Report Reveals Crypto Whale Center With Majority Of Transactions Crossing $1 Million"},"content":{"rendered":"

A report<\/span><\/a> from blockchain data analytics platform Chainalysis has revealed that the majority of crypto transactions in the United Arab Emirates (UAE) from July 2022 to June 2023 have been whale transactions, crossing over $1 million each.\u00a0<\/span><\/p>\n

Majority Of UAE Crypto Transactions Exceeds $1 million\u00a0<\/span><\/h2>\n

The report from <\/span>Chainalysis<\/span><\/a> reveals that institutional investments accounted for the majority of cryptocurrency transactions in the UAE with over 67% from July 2022 to June 2023.\u00a0<\/span><\/p>\n

The Institutional investments in the country range from $1 million, followed by professional investments ranging from $10,000 to $1 million, and retail investments which accounted for just 4.63% of cryptocurrency transactions in the country up to $10,000.<\/span><\/p>\n

Related Reading: Analyst Presents 4 Charts That Prove Crypto Is Not Dead<\/a><\/div>\n

Kim Grauer, the Director of Research at Chainalysis shed more light on this significant trend noting that the report marks a significant interest among organizations and high-net-worth individuals in the <\/span>UAE<\/span><\/a> to add cryptocurrency to their investment portfolios.<\/span><\/p>\n

\u201cThe fact that by far the larger portion of crypto investments in the UAE is for institutional and professional-sized transactions, indicates an eagerness from organizations and high-net-worth individuals to add cryptocurrency to their investment portfolios. This market confidence is validation of the efforts being made by the country\u2019s leadership to offer commendable regulatory clarity, and establish the nation as a global crypto hub,\u201d the director said.<\/span><\/p>\n

The report shows that UAE was one of the only countries in the <\/span>MENA<\/span><\/a> (Middle East and North Africa) region to spot a higher share of crypto activity within the decentralized exchanges than centralized exchanges. The country’s decentralized exchanges activity was over 48% with centralized exchanges accounting for 46%.<\/span><\/p>\n

So far, the country’s crypto market value dropped by 17% over the past year accounting for over $34 billion in crypto market value this year. However, the country still managed to outperform other countries in the MENA region.<\/span><\/p>\n

The <\/span>Decentralized Finance (DeFi)<\/span><\/a> sector has also seen tremendous popularity in the country since 2022. This further proves that the country has been successful in passing innovation-friendly regulatory frameworks that allow the development of innovative cryptocurrency platforms in the country, with a direction that keeps consumers safe.<\/span><\/p>\n

The country also displayed its interest in <\/span>Non-Fungible Tokens (NFTs)<\/span><\/a> over time. The report revealed that the country had an impressive number of over 4 million web traffic visits across NFT sites from July 2022 to June 2023, despite the fast declination of NFTs since 2022.<\/span><\/p>\n

\"Crypto<\/p>\n

Interest in NFT also increased | Source: Chainalysis<\/pre>\n
Chainalysis Cryptocurrency Adoption Ranking<\/span><\/h2>\n
On September 12, 2023, Chainalysis released an <\/span>excerpt<\/span><\/a> based on a variety of parameters to determine the grassroots crypto adoption. The excerpt revealed that most of the <\/span>countries leading<\/span><\/a> the charge are from the Central & Southern Asia and Oceania (CSAO) region.<\/span><\/p>\n
According to the excerpt, six countries from the CSAO region are among the top 10 leading countries. These include <\/span>India<\/span><\/a>, <\/span>Vietnam<\/span><\/a>, <\/span>the Philippines<\/span><\/a>, <\/span>Indonesia<\/span><\/a>, <\/span>Pakistan<\/span><\/a>, and <\/span>Thailand.<\/span><\/a><\/p>\n
Related Reading: Crypto Analyst Predicts Huge Double-Digit Breakout For Bitcoin Price<\/a><\/div>\n
The lower middle-income (LMI) countries were identified to be leading the way in grassroots crypto adoption around the world since last year.<\/span><\/p>\n
The excerpt was released following the data analysis of 154 countries across five sub-indexes around the world. The rankings were then determined by each country’s geometric mean in all five areas, crypto purchasing power, and population strength.<\/span><\/p>\n
\"Crypto<\/p>\n
Total market cap sitting at $1.037 trillion | Source: Crypto Total Market Cap on Tradingview.com<\/a><\/pre>\n
Featured image from Coincu News, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
A report from blockchain data analytics platform Chainalysis has revealed that the majority of crypto transactions in the United Arab Emirates (UAE) from July 2022 to June 2023 have been whale transactions, crossing over $1 million each.\u00a0 Majority Of UAE Crypto Transactions Exceeds $1 million\u00a0 The report from Chainalysis reveals that institutional investments accounted for the majority of cryptocurrency transactions in the UAE with over 67% from July 2022 to June 2023.\u00a0 The Institutional investments in the country range from $1 million, followed by professional investments ranging from $10,000 to $1 million, and retail investments which accounted for just 4.63% of cryptocurrency transactions in the country up to $10,000. Related Reading: Analyst Presents 4 Charts That Prove Crypto Is Not Dead Kim Grauer, the Director of Research at Chainalysis shed more light on this significant trend noting that the report marks a significant interest among organizations and high-net-worth individuals in the UAE to add cryptocurrency to their investment portfolios. \u201cThe fact that by far the larger portion of crypto investments in the UAE is for institutional and professional-sized transactions, indicates an eagerness from organizations and high-net-worth individuals to add cryptocurrency to their investment portfolios. This market confidence is validation of the efforts being made by the country\u2019s leadership to offer commendable regulatory clarity, and establish the nation as a global crypto hub,\u201d the director said. The report shows that UAE was one of the only countries in the MENA (Middle East and North Africa) region to spot a higher share of crypto activity within the decentralized exchanges than centralized exchanges. The country’s decentralized exchanges activity was over 48% with centralized exchanges accounting for 46%. So far, the country’s crypto market value dropped by 17% over the past year accounting for over $34 billion in crypto market value this year. However, the country still managed to outperform other countries in the MENA region. The Decentralized Finance (DeFi) sector has also seen tremendous popularity in the country since 2022. This further proves that the country has been successful in passing innovation-friendly regulatory frameworks that allow the development of innovative cryptocurrency platforms in the country, with a direction that keeps consumers safe. The country also displayed its interest in Non-Fungible Tokens (NFTs) over time. The report revealed that the country had an impressive number of over 4 million web traffic visits across NFT sites from July 2022 to June 2023, despite the fast declination of NFTs since 2022. Interest in NFT also increased | Source: Chainalysis Chainalysis Cryptocurrency Adoption Ranking On September 12, 2023, Chainalysis released an excerpt based on a variety of parameters to determine the grassroots crypto adoption. The excerpt revealed that most of the countries leading the charge are from the Central & Southern Asia and Oceania (CSAO) region. According to the excerpt, six countries from the CSAO region are among the top 10 leading countries. These include India, Vietnam, the Philippines, Indonesia, Pakistan, and Thailand. Related Reading: Crypto Analyst Predicts Huge Double-Digit Breakout For Bitcoin Price The lower middle-income (LMI) countries were identified to be leading the way in grassroots crypto adoption around the world since last year. The excerpt was released following the data analysis of 154 countries across five sub-indexes around the world. The rankings were then determined by each country’s geometric mean in all five areas, crypto purchasing power, and population strength. Total market cap sitting at $1.037 trillion | Source: Crypto Total Market Cap on Tradingview.com Featured image from Coincu News, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":553365,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83386,3],"tags":[75,1267,6664,15561,14690,85977,1558,14781],"class_list":["post-553347","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","category-news","tag-adoption","tag-chainalysis","tag-crypto","tag-crypto-adoption","tag-crypto-news","tag-crypto-whales","tag-cryptocurrency","tag-whales"],"acf":[],"yoast_head":"\nReport Reveals Crypto Whale Center With Majority Of Transactions Crossing $1 Million<\/title>\n<meta name=\"description\" content=\"Chainalysis has revealed that the majority of crypto transactions 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During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/wncen.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Report Reveals Crypto Whale Center With Majority Of Transactions Crossing $1 Million","url":"http:\/\/wncen.com\/news\/crypto-whale-center-1-million\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/crypto-whale-center-1-million\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/Crypto-whale-center.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/Crypto-whale-center.png?fit=1639%2C921"},"articleSection":"Crypto","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["adoption","chainalysis","crypto","crypto adoption","crypto news","crypto whales","cryptocurrency","whales"],"dateCreated":"2023-09-28T17:00:55Z","datePublished":"2023-09-28T17:00:55Z","dateModified":"2024-06-11T10:18:22Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Report Reveals Crypto Whale Center With Majority Of Transactions Crossing $1 Million\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/crypto-whale-center-1-million\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/crypto-whale-center-1-million\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/Crypto-whale-center.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/Crypto-whale-center.png?fit=1639%2C921\"},\"articleSection\":\"Crypto\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"adoption\",\"chainalysis\",\"crypto\",\"crypto adoption\",\"crypto news\",\"crypto whales\",\"cryptocurrency\",\"whales\"],\"dateCreated\":\"2023-09-28T17:00:55Z\",\"datePublished\":\"2023-09-28T17:00:55Z\",\"dateModified\":\"2024-06-11T10:18:22Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/Crypto-whale-center.png?fit=1639%2C921","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/553347","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=553347"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/553347\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/553365"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=553347"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=553347"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=553347"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}