The United States, Japan, and South Korea are the world’s biggest fans of cryptocurrency exchanges, new research from software firm DataLightreported April 29.
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.
The second was Japan with 6.1 million visits, while South Korea had 5.7 million. The United Kingdom and Russia took fourth and fifth place, with 3.8 million and 3.1 million monthly visits respectively.
“Perhaps the most obvious and remarkable feature from the infographic is simply how much of the world is actually trading in crypto assets: nearly every country on the globe is seeing some trading traffic, with the exception of Greenland and parts of central Africa,” DataLight summarized.
The bitcoin (BTC) price surge earlier in April sparked a period of increased cryptocurrency trading worldwide.
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.