Grayscale Says US Accounts for 15%-20% of Global Crypto Activity

The US accounts for about 15% to 20% of global cryptocurrency activity, according to an analysis. Its share of Bitcoin hash rate and Ethereum full nodes was estimated at 36% and 31%, respectively.

Cointelegraph reported on October 29 that crypto asset manager Grayscale estimates the US makes up about 15% to 20% of global crypto activity.

The US accounted 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 made up about 31% of the total. Full nodes verify blockchain transactions and maintain network data.