Bitcoin Forum

Even though the cryptocurrency markets are a worldwide phenomenon, there are only a few countries playing a huge role in it. Indeed, just like global Forex trading volume is concentrated among the top five trading desks, so is the bitcoin markets. so what do yo think, Which are the most influential Bitcoin market by country?

market bitcoin that has a high influence is the binance with volume per 24 hours $ 366,810,000, this certainly has a big influence on the country

I think China is still the most influential country.
Because most exchanges come from China, like binance, huobi, OKEX, these big exchanges are all from China.

I think japan because in that country bitcoin has been legal so it can push the economy after Japan inaugurates bitcoin in that country

It can be seen from coinmarketcap  which marketplace has big volume, I think top ten marketplace will show which country that influence so much to crypto space such as binance, Huobi, etc are from China.

Though Binance was from China(now in Malta), it doesn't necessarily mean that China(or Malta) has the highest trading volume. Even though Binance is based there, their users are pretty much globally spread out knowing that Binance is one of the best(if not the best) exchanges as of today.

it is hard to say in my opinion. for example in 2016 nobody even talked or thought about Japan but in early 2017 they were the ones influencing the bitcoin price the most.
on the other hand for most of bitcoin's live most people thought Chine has the biggest effects on bitcoin price whereas they had so little influence on the market!

I think China was the most influential market before the ICO ban. But now i think Japan because it is widely used and more mainstream than other countries.

The most influential bitcoin exchange in the world is bitfinex since the highest volume of bitcoins are being traded here everyday. By looking at the 24 hour trade volumes, the amount ranges from 6000 bitcoin to 30,000 bitcoin in normal days and on bullish and bearish height it reaches up to 100,000 bitcoins. Thus whatever occurs in bitfinex there will be a huge impact on the overall bitcoin market.

I have heard about Binance, it is considered the most visited and popular among traders, there are many successful traders, among which there are my friends as well, they say it is convenient and user-friendly

Yes, I also think like that. china is very influential. Many exchanges are from China. They began to take advantage of the arrival of bitcoin to the fullest.

I think the most influential countries on cryptocurrency are China and America

The most influential Bitcoin market is definitely American as shown by a recent study I read on here. While most people thought it was China, the USA actually is the biggest market an most influential.

Europe and Asia are the most influential in terms of market capitalization. With Switzerland and France from Europe leading in cryptocurrency usage so is Japan and still China from Asia  having a lot of power on the cryptocurrency market.

Just give it to the Asian countries like China and Japan. Even with the recent restrictions or clamp down on ICO and crypto related activities in China, it still retain a large followership there. The most influential to me is the Asian countries of China and Japan.

Can anyone tell me more about the European markets? France and Switzerland leading, but what about the rest?

Binance is the most influential bitcoin market which can control and overturn the market condition now they have vision and expansion plans worldwide so untill we see second company in list Binance is ruling the crypto market

it is impossible to say but in my opinion there is not just one but multiple countries that are more influential in the bitcoin market than other countries. usually the big and developed countries are in that list. countries that have adopted bitcoin on a larger scale and also have a lot of investors indicated by the daily trading volume. countries such as US, China, Japan, and Germany comes to mind.