TRM Labs: Global retail crypto trading grows by 125% for two consecutive years, regulatory clarity becomes the main driving force

Jinse Finance reported that the latest report from TRM Labs shows that global retail cryptocurrency trading volume grew by more than 125% for the second consecutive year between 2024 and 2025. The clarification of the regulatory environment has become the main driving factor, especially in the United States, where policy support and regulatory clarity have led to double-digit market growth. The report points out that most crypto activities are concentrated in practical scenarios such as payments, remittances, and value preservation. Notably, even in countries where cryptocurrencies are restricted or banned, such as Bangladesh and several North African countries, adoption rates remain high, indicating that grassroots demand may surpass formal restrictions. In Pakistan, with government support, the number of crypto users is expected to reach 28 million by 2026. Research by international institutions shows that comprehensive bans are often ineffective and may actually increase people's motivation to use cryptocurrencies.