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Laxman Pai, Opalesque Asia: The United States has ranked as the top country contributing traffic to cryptocurrency exchanges. A study showed that 24.5% of all exchange traffic originates in the United States.
Japan comes next in web traffic going to crypto exchanges, according to research compiled by The Block.
Japan coming in second place at 10% of total traffic. South Korea rounded out the top three, bringing in 6.5% of exchange web users. Indonesia ranked fourth with about 4.5% traffic.
The Block has analyzed the website traffic of the 48 most frequently used cryptocurrency exchanges over the period of 6 months. While the US and Japan may have taken the top spots in the published results, The Block reports the data being skewed against certain countries.
The data is not perfectly representative, since traffic from countries that censor crypto activity by blocking exchanges, like China, can be dampened. People in those places must use Virtual Private Networks (VPNs), spoofing an IP address and originating country.
When The Block compared each country's traffic to its population, it found the regions in which crypto garnered the highest interest, with North America leading the pack.
The Block reported a positive correlation between GDP per capita and traffic when population was taken into account, meaning the data shows poorer countries aren't trading crypto as much as wealthier countries.
About half of the total traffic in the last si...................... To view our full article Click here
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