$9.4 Billion: France's Estimated Crypto Activity Hits New High

France has been estimated to have generated $9.4 billion in potentially taxable crypto activity during 2025, according to Chainalysis.

This puts France among the 15 largest crypto markets tracked by Chainalysis, ranking it 13th globally.

The estimate is made up of three parts: $1.7 billion in crypto income, $2.5 billion in realized gains, and $5.2 billion in crypto payments.

Chainalysis noted that its figures may understate real activity since exchange-internal transactions are difficult to track.