Bitcoin Forum

Crypto markets are open for trading & investing 24/7. But which country is trading the most? Here is a list of some of the highest volume of trade.

With this information, you can know when is the most volatile timing to trade and expect the market to respond to your buy and sells.

Asian countries combined $2.07B
USA $1.44B
Russia $1.05B
UK $738M
Venezuela $707M
China $633M

European countries combined $286M
Nigeria $258M
Australia $186M
Canada $100M
South Africa $98M
Hong Kong $41M
Saudi Arabia $24M
Singapore $21M

This is the list globally for the volume of bitcoin through localbitcoins: https://coin.dance/volume/localbitcoins

Some country went down but majority of them are going up. Can you put the source on where you got those stats?

The chart is helpful of course. But the sole chart won't do much help now. The chart of trusted sites and the perfect coins to invest would be more necessary.

Considering the impact trading large volumes has on the market it is important to pay attention to it in order to understand why and when the market can seem volatile. To check the current state of movement of volumes regarding globally there are sites that give you the option to, such as Localbitcoins. We've seen some countries slow down in their trading but at the same time a lot have increased their movement in terms of trading.

Good to see the Asian countries having this much high trading volume. Russia is doing great compared to other European countries. African countries are behind because of the continous struggle with their economy.

The data is quit interesting. But, it is unlikely that this data will help anyone to expect the market to respond to his buy and sells. The crypto market is highly volatile and not even this data can help someone to figure out the rate of volatility of the market.

that seems like asia one of the best trader in crypto world. 😃😃  

Looks like venezuela is ready to become the crypto capital of the world. A new beginning based on the petro and bitcoin rather than their own failed currency

It seems the economic crisis within that country is by far the worst so the demands for cryptocurrency and bitcoin had exploded due to the worsening status of Venezuela, And now they surely have been focusing more on bitcoin than their own currency it even stripped its value by 5 zeros after inflation levels that had risen to stratospheric levels, The Central Bank of Venezuela surely devalued the nation’s currency by 95%, This is a first nation to switch their own currency to Cryptocurrency, Well in the mids of the crisis of their country I really think they had found a solution by means of cryptocurrency.

This means asia has the biggest impact in bitcoin market.
Especially china. When china ban bitcoin this bleeding market happened

I always thought that japan was going to be number 1. In my head I had the following order:

1 - Japan
2 - USA
3 - South Korea

But I'm shocked by this list that you posted, for example on your list I'm seeing China and Russia, these two countries have serious problems with bitcoin and I'm surprised they are on this list.

Another thing, I see Nigeria with a very high value and being superior than southern africa, this is surprising

Could you put a source from where you got those numbers? Was it just a sum of the numbers that are placed on the exchange rankings sites like coinmarketcap? (https://coinmarketcap.com/rankings/exchanges/)

I think these numbers are very manipulated and not at all reliable. I would prefer to see the fiat deposit numbers. Or maybe from people records in the exchanges. If I'm not mistaken Binance is almost reaching 10 million users. (https://www.financemagnates.com/cryptocurrency/news/binance-user-base-reaches-9-million-extends-trading-support-etc-pairs/)

Yup, I was also pretty shocked by how high the transaction volume for Nigeria was according to the data you gathered. I've always known that there was a medium-sized crypto community in Australia and volume there must've been pretty high, but I seldom hear from Nigeria about cryptocurrency, and the national volume is much higher than that of Australia. Not too surprised that the US was high up on volume, though.

 I'd also like to know what your sources were, and how you obtained the data, as these numbers are meaningless if we don't know how you got them.

Where you taken that information? I know crypto market now dominance by Asia and that why more new crypto exchange from Asia launched on the market, and the biggest crypto exchange now also from Asia. Crypto is global market and hopely the trading volume and the market cap keep continue increase from around the world, and possible the total market cap going to $1 trilliun in next year.

I think it is not that big for countries like venezuela, I have checked the website itself and it was showing the amount of fiat in venezuela got higher but in reality it is not getting higher because people are getting into it more, it is going up because money is worthless there because of the inflation being skyhigh. So right now the dollar value of it is less than it used to be but the fiat of them is higher because of inflation.

Dollar value is the real deal for all of us, for example as a "user" base Turkey has one of the highest ones however in reality money wise they are only putting small amounts into bitcoin because of the economic problems and people not having enough money and the ones have even a bit get into it because they want to get a bit more richer and even 10 dollars make a difference.

Hi!
Good info, thank you!
You can check the time of sessions (Asian, European, British and of course American). There a lot of relies upon one from each other.