🌎 Crypto Donations to Extremist Groups Rise in Europe

Crypto Donations to Extremist Groups on the Rise in Europe

According to a recent report by Chainalysis, a U.S.-based blockchain analytics firm, Europe has seen a significant increase in crypto donations to extremist groups, with a notable surge in nationalist, anti-Semitic, and white supremacist movements.

Shifting Regional Dynamics

While North America remains the largest source of extremist crypto donations, accounting for over $20 million, Europe’s share has grown sharply since 2017. The report highlights that between 2022 and 2024, Europe’s share rose dramatically, commanding nearly 50% of total inflows.

The surge in extremist crypto donations in Europe has been fueled by polarized political events, such as elections in France and the U.K. Analysts warn that a concerning trend among ideological groups is the deliberate blending of ideologies to broaden appeal.

For example, movements might combine homophobic rhetoric with white supremacist or pro-Russia themes, strategically attracting wider audiences by capitalizing on overlapping grievances and similar narratives.

Donation Trends

Although the total inflows are growing, the average donation size remains relatively small, usually a few hundred dollars. However, the report notes that donor intensity is increasing, especially in Europe. Larger contributions often coincide with major political events, with donors either celebrating wins or reacting to losses.

Privacy Coins and Extremist Funding

Chainalysis warns that privacy coins such as Monero (XMR) are becoming a preferred method for some groups to avoid scrutiny in regions with strict hate speech laws, like Germany and Austria.

Here are some key takeaways from the report: