Research Shows US Users Visit Cryptocurrency Exchanges 22 Million Times Each Month
Japan and South Korea took the remaining spots in the top three countries, still far behind the U.S.
After investigating the origin of traders who use well-known exchanges, DataLight — which continues to publish various insights into the industry — said that the U.S. has the highest share of visits, more than triple the next runner up.
The firm analyzed monthly visits to 100 platforms, which yielded around 22.2 million from U.S.-based users.
“Perhaps the most obvious and remarkable feature from the infographic is simply how much of the world is actually trading in cryptoassets: nearly every country on the globe is seeing some trading traffic, with the exception of Greenland and parts of central Africa,” DataLight summarized.
Associated phenomena, such as South Korea’s Kimchi Premium surcharge, also reappeared, with DataLight proposing the events contributed to the exchange visit rates.
The research found that India had an eleventh-place rating, which comes despite an almost year-long ban on exchange financing by the country’s central bank. Local exchanges have since been forced to close or severely limit their activities.