Grayscale Says US Accounts for 15%-20% of Global Crypto Activity
Summary
- Grayscale said the US accounts for about 15%-20% of global cryptocurrency activity.
- The US share of Bitcoin (BTC) hash rate stands at about 36%.
- Ethereum (ETH) full nodes located in the US account for about 31% of the total.
Forecast Trend Report by Period
The US accounts for about 15% to 20% of global cryptocurrency activity, Grayscale said. The asset manager estimated the US share of Bitcoin hash rate at 36% and its share of Ethereum full nodes at 31%.
Cointelegraph reported on Oct. 29 that Grayscale puts the US share of global crypto activity at about 15% to 20%.
The US accounts for about 36% of the Bitcoin network's total hash rate. Hash rate refers to the computing power used in Bitcoin mining.
On the Ethereum network, full nodes located in the US account for about 31% of the total. Full nodes verify blockchain transactions and maintain network data.
reporter1@bloomingbit.ioHello, I'm a reporter at bloomingbit