Today, buying and selling cryptocurrency is a common thing in the world. Across the globe, the United States, Japan as well as South Korea users are the major traders in cryptocurrency exchanges. DataLight, cryptocurrencies research platform, announced a report on April 29.
DataLight has investigated the source of traders on the world famous exchanges. As a result, it released data from different countries trader’s information. In this statics, U.S. users are the topmost visitors in the cryptocurrency exchanges; this is triple to the next countries.
Geographical Data
DataLight prepared the geographical data of crypto traders all around the globe. The company used the topmost 100 crypto exchanges. This infographic reveals various countries crypto assets trading data.
Crypto Trading Leaders
From the research, the U.S. is top in the cryptocurrency exchange trading with 22 million monthly visitors. Japan in addition to South Korea is in second as well as third places respectively. Surprisingly, South Koreans are trading 50% more than the U.S. market with bitcoins.
In addition, The United Kingdom is in fourth place with 4 million monthly visitors on the list. London is becoming a main European cryptocurrency hub. The visitors’ number is likely to grow in the future.
Fiat Currency Fluctuation
Surprisingly, some countries in the world are accepting crypto assets in huge. These countries’ fiat currency is always volatile. So the users are investing their funds in the cryptocurrency. Such countries are Mexico, Turkey, and Ukraine.
For example, Turkey had wild variations in the Turkish fiat currency Lira. So the users are diverting their currency in the form of cryptocurrency.
Cryptocurrency exchanges got higher traffic from these countries. The citizens are unsure of their fiat currency and so they are adopting for cryptocurrency. Cryptocurrency is an alternative source for them.
Crypto Stretching Across the Globe
Most of the countries in the world are trading in crypto exchanges. Some countries like Greenland and some regions of central Africa are far away in the crypto trading. So, Binance, the world famous crypto exchange, established Binance Uganda in 2018.
India, which is in eleventh-place in crypto trading, banned banks support to cryptocurrency. The crypto lovers are still doing trading in the international exchanges.
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