US-Japan cryptocurrency trade volume 1-2-3 in the world

[Koreanbuybitcoin]

US-Japan-Korea cryptocurrency trade volume 1-2-3 in the world

Coin Telegraph reported on the 1st (local time) that the trading volume of the US, Japan and Korea Cryptocurrency Exchange is ranked 1st, 2nd and 3rd in the world. According to The Block, a cryptocurrency market research firm, the volume of major cryptocurrency exchanges in the world as of the first half of 2019 showed that the United States (24.5%), Japan (10%), Korea (6.5%), and Indonesia (4.5%). Investigated. In terms of interest by population, Singapore, Korea, and Switzerland were in order. The report said, “The top five countries account for half of the total trade volume.” Cryptocurrency is traded more in rich countries like fiat currency. China, which is difficult to obtain accurate data, was excluded from the ranking.



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[Jating]

No surprises here, I mean those three are obviously in the forefront of crypto trading and we have a hint that most whales are from the US so it's pretty obvious that those three will continue to dominate unless they will made a sudden U-turn as what China did in 2017.

Countries in Asia are going to be in the forefront of this new technology, maybe they really understand what crypto can bring not for their country but for their population that's why they are very welcoming like Singapore, Indonesia, Malaysia or even the Philippines.

[jootn2kx]

US-Japan-Korea cryptocurrency trade volume 1-2-3 in the world

Coin Telegraph reported on the 1st (local time) that the trading volume of the US, Japan and Korea Cryptocurrency Exchange is ranked 1st, 2nd and 3rd in the world. According to The Block, a cryptocurrency market research firm, the volume of major cryptocurrency exchanges in the world as of the first half of 2019 showed that the United States (24.5%), Japan (10%), Korea (6.5%), and Indonesia (4.5%). Investigated. In terms of interest by population, Singapore, Korea, and Switzerland were in order. The report said, “The top five countries account for half of the total trade volume.” Cryptocurrency is traded more in rich countries like fiat currency. China, which is difficult to obtain accurate data, was excluded from the ranking.



Welcome to Korean satoshi nakamoto!
The place to talk about trading strategies, news and technical analysis in cryptocurrency!
Thank You
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Well, Asia is typically quite open to new tech, so it doesn't surprise me that Japan and Korea are up there with the US. Money attracts money, and having a lot of it leads to working with it more freely, and making even more of it. The same rule applies to fiat or crypto. Meanwhile, in my country, there are only crickets in the crypto market. You can probably count the people who have ever owned any cryptocurrency on the fingers of a single hand.

[CryptoBry]

US-Japan-Korea cryptocurrency trade volume 1-2-3 in the world. The trading volume of the US, Japan and Korea Cryptocurrency Exchange is ranked 1st, 2nd and 3rd in the world. According to The Block, a cryptocurrency market research firm, the volume of major cryptocurrency exchanges in the world as of the first half of 2019 showed that the United States (24.5%), Japan (10%), Korea (6.5%), and Indonesia (4.5%).

So it is still USA which is dominating the cryptocurrency marketplace accounting for a big part of the pie. Even while there are many restrictions in the conduct of cryptocurrency in the USA, still the market is thriving and can be poised for more growth in 2020. I am a little surprised with Indonesia at number four position because I am assuming that the government there is not that so friendly with cryptocurrency. Japan and South Korea are two of the most energetic and active markets for cryptocurrency and these countries are always on the news. What is beautiful with this development is that clearly the market is not one-sided as no country accounts for a majority of the market. The more spread, the better it is for cryptocurrency which boast decentralization as part of its most important themes.

[ChrisPop]

It is interesting to see that United States transaction volume is more than the next 3 ranked countries together. 24.5% vs. 21%
I'm sure that China is much closer to US, it's a shame that we can't get metrics on that. Who accounts for the other 50-60%?  - probably China IMO

[Eugenar]

No surprises here, I mean those three are obviously in the forefront of crypto trading and we have a hint that most whales are from the US so it's pretty obvious that those three will continue to dominate unless they will made a sudden U-turn as what China did in 2017.

Countries in Asia are going to be in the forefront of this new technology, maybe they really understand what crypto can bring not for their country but for their population that's why they are very welcoming like Singapore, Indonesia, Malaysia or even the Philippines.

It might also be based on the kind of education they have concerning market analysis in different aspect. One of the things to consider is the number of population of traders as well as how wide the cryptocurrency adoption these country has, that mainly the reason why they top the rank with trading.

I know Korea is also one of the leading developers of blockchain technology so there's no doubt that they are well knowledgeable in trading.

[7788bitcoin]

The report said, “The top five countries account for half of the total trade volume.” Cryptocurrency is traded more in rich countries like fiat currency. China, which is difficult to obtain accurate data, was excluded from the ranking.

This is not a surprising statistics because the top economic countries have a much better adoption rate to technology than the rest of the world and this is nothing new, with the government in China basically wanting to get rid of bitcoin trading you cannot expect any data as people who are trading will be doing that in P2P exchanges and that is the case with the countries that restricted bitcoin.

[Darooghe]

People in Japan and Korea are smart, progressive and must see the benefits of using this technology. Japan’s economy and culture have a strong and persistent nature of adopting technology before the west. The average population of Japan is more tech savvy than the average population of America and the West in general.

Obvious reasons for this are that the Japanese government is actively promoting Fintech in an effort to keep Japanese banks competitive, Japanese banks exploring new ways to leverage cyber currencies, various retail outfits trying out payments with cyber currencies, limited regulation of cyber currency exchanges and etc. however the big factor I see is the shift of household investments from foreign exchange to cyber currencies. Many households are trying to leverage bitcoin price fluctuations for capital gains.

[MURONDI]

I think the volume of trade in a country does not represent that country, for example exchanges in China are not necessarily members listed on the exchange are Chinese, it could be that there are many registered members from outside the country.

[alyssa85]

It is interesting to see that United States transaction volume is more than the next 3 ranked countries together. 24.5% vs. 21%
I'm sure that China is much closer to US, it's a shame that we can't get metrics on that. Who accounts for the other 50-60%?  - probably China IMO

It's to do with population.

The US has 330 million people, Japan has 122 million people, and South Korea has 52 million people.

What is interesting is that the US, Japan and South Korea are all rich developed countries and all have produced regulations for exchanges and have set out the tax regime for cryptos.

The developing countries are interested in crypto but haven't got the money to invest in it. Europe is missing in action (like it is for all technological advances).

[Doell]

japan has become a country in asia that is very supportive of crypto so I am not surprised that there is a name in the 3 world rankings of crypto ,waiting for Arab country come in this industry to make prices stronger especially bitcoin It must be more sturdy in the lowest value so that are no crazy dumper

[oleg681010]

I thought that Russia and China were in the top 3 along with the US.

[bounceback]

US-Japan-Korea cryptocurrency trade volume 1-2-3 in the world

Coin Telegraph reported on the 1st (local time) that the trading volume of the US, Japan and Korea Cryptocurrency Exchange is ranked 1st, 2nd and 3rd in the world. According to The Block, a cryptocurrency market research firm, the volume of major cryptocurrency exchanges in the world as of the first half of 2019 showed that the United States (24.5%), Japan (10%), Korea (6.5%), and Indonesia (4.5%). Investigated. In terms of interest by population, Singapore, Korea, and Switzerland were in order. The report said, “The top five countries account for half of the total trade volume.” Cryptocurrency is traded more in rich countries like fiat currency. China, which is difficult to obtain accurate data, was excluded from the ranking.



Welcome to Korean satoshi nakamoto!
The place to talk about trading strategies, news and technical analysis in cryptocurrency!
Thank You
https://t.me/Koreansatoshinakamoto 

I was surprised to see this thread because there is an Indonesian country here that competes with four other developed countries because I know that Indonesia is one of the countries with the lowest exchange rates of their paper currencies compared to the currencies of the four countries you mentioned. But why does Indonesia have a high volume of cryptocurrency trade, is this possible because their country's government strongly supports digital currencies in their country.

[YuginKadoya]

After adopting cryptocurrency Japan had innovated the use of Bitcoin and another crypto in every aspect of payments and services it can apply to that is why no wonder it just takes the 2nd place to the volume it trades does, And I think after doing this many people just embrace the use of an easy and convenient payment method, I think Korea had seen this Innovation and the success cryptocurrency had applied to this country, And in my opinion other countries might apply this changes as well even the hard-headed ones that keeps on banning crypto may have a change of heart.

[Kprawn]

I think the actual trading volume are manipulated on most exchanges, so you will not know if this is a true reflection of what is actually being

traded globally. It was so bad in Japan at one stage that the government forced some exchanges to shut down their trading platforms. The OTC

trading platforms are not part of this equation and most bitcoins are traded on those platforms. China will blow the rest of the world out of the

rankings, if we really knew how much coins were traded on their platforms. Most coins are mined there and those coins must be sold somewhere to

pay for their expenses.