European Crypto Users Prefer Decentralized Services, Bank of Spain Says.

A recent study by the Central Bank of Spain shows that DEXs and unbacked cryptocurrencies are very popular in the European crypto scene.On April 26, the Bank of Spain published a report elaborating on how Spaniards and Europeans have been using cryptocurrencies during the last year.

The report explains that Europeans prefer decentralized services and unbacked crypto-assets such as Bitcoin (BTC) and Ethereum (ETH). In addition, the Central Bank of Spain noted that the volume of cryptocurrency transactions in the European Region increased at an accelerated rate over the last year, reaching almost €845 billion—surpassing that of the United States.According to the report, Europeans have a greater interest in using unbacked cryptocurrencies, with transactions in BTC and ETH accounting for approximately 60% of all transactions made over the last year.