Fourth Largest Crypto Market Worldwide

[koinforum]

Turkey has solidified its place as a major player in the cryptocurrency market. Turkey has become the fourth largest crypto market in the world with an estimated $170 billion trading volume, leaving many important markets behind with this success.

According to Chainalysis, Turkey is the fourth largest crypto market in the world with an estimated $170 billion trading volume.

With this volume, Turkey has surpassed important markets such as Russia, Canada, Vietnam, Thailand and Germany.

Source: Kripto Haber

https://kriptohaberim.com.tr/wp-content/uploads/2024/08/Kripto-Turkiye-1024x585.webp

[ChiBitCTy]

I'm not sure "largest crypto market" can be quantified in just one way..though I guess if you're just wanting to look at it from a trading volume,..but that perhaps is short sided ?   I dunno tho..asking while thinking out loud.

Who would be the other 3?  The US of course.  I feel like Amsterdam/Netherlands has to be up there just in terms of % of citizens who own bitcoin..Australia, Canada, ummm??

Turkey is shocking to me, as number 4 trading wise.  Never woulda guessed.

[PrivacyG]

According to Chainalysis, Turkey is the fourth largest crypto market in the world with an estimated $170 billion trading volume.

Does it qualify as the 'fourth largest Crypto Market' if only a handful of people are Trading Cryptocurrency in a Country with enormous Total Volume while another Country has many Traders with little Total Volume?

I am not implying that Turkey is in this situation but I do think this is not the way to calculate which is the largest Cryptocurrency Market.  Corrupt Politicians can wager many Billions, increasing the volume of Trades significantly.