Ukraine has emerged as a major player in the global cryptocurrency market, with $882 million in digital asset purchases recorded between July 2023 and July 2024, according to a report by the European Bank for Reconstruction and Development (EBRD). The country also saw $106 billion in total crypto inflows during this period. The EBRD report highlights that the surge in digital asset activity is largely driven by institutional and professional-level transactions. This trend is partly attributed to restrictions on traditional financial transactions imposed by the National Bank of Ukraine, prompting increased reliance on cryptocurrencies.