"U.S. Virtual Asset Trading Volume Surpasses $1 Trillion This Year"

Since President Donald Trump took office, activity in virtual assets (cryptocurrencies) in the United States has surged, and analysts say his campaign promises are coming to fruition.

On the 21st (local time), CoinDesk reported that TRM Labs said U.S. cryptocurrency trading volume in the first half of this year surpassed $1 trillion, an increase of about 50% from the previous year. The report assessed, "Since President Trump took office he has been fulfilling his pledge to create the 'world capital of virtual assets,' and the United States is establishing itself as a key hub of the global virtual asset market."

Ari Redbord, TRM Labs' head of policy, said, "This surge in trading is the result of a more favorable political and regulatory environment," adding, "It is also possible that trading activity that had moved overseas has in part returned to the United States." He added, "Clear regulation and the restructuring of capital markets are reviving investor sentiment."

The report analyzed that regulatory clarification—such as institutional investors expanding investments in stablecoins and the introduction of bitcoin exchange-traded funds (ETFs)—has had a compound effect on market growth. Unlike during the Biden administration, when the U.S. Securities and Exchange Commission (SEC) and banking regulators treated the cryptocurrency industry restrictively, the Trump administration is actively moving to bring it into the formal system.

According to TRM Labs' 'Cryptocurrency Adoption Index by Country,' India held the top spot for the third consecutive year, followed by Pakistan, the Philippines, and Brazil. The United States is showing a rapid rise in trading share relative to economic size and, with strengthened institutional foundations, is solidifying its status as a global center.