Data: US Traders Most Active Across Major Crypto Exchanges


0

New data shows that United States traders are the most active across major crypto exchanges, according to a Feb. 4 tweet from data analytics firm DataLight.

The U.S. has the highest distribution of traders — 60 percent — on major crypto exchange and wallet Coinbase, while on Binance, Bittrex and Poloniex, U.S. traders make up 24, 27 and 28 percent of total crypto traders respectively.

American traders are less represented on Hong Kong-based crypto exchange Bitfinex, at 10 percent of traders on the exchange, while German traders make up 13 percent.

Earlier this year, Bittrex launched an over-the-counter (OTC) trading desk that offers around 200 crypto assets. OTC trading has become extremely popular among institutional investors looking to trade in large volumes, as previously reported by Cointelegraph.

Since the beginning of the year, trading records have been reporting lower numbers, according to a previous article by Cointelegraph. Coinbase was experiencing lows that they have not been seen since 2017, with the Bitcoin (BTC)/US Dollar (USD) market at allegedly around $1 billion in January.

Geographical Distribution of Crypto Traders

Geographical Distribution of Crypto Traders. Source: DataLight

Earlier this year, Bittrex entered into the over-the-counter (OTC) market, which offered around 200 crypto assets to investors on their platform. OTC trading which has become extremely popular among institutional investors looking to trade in large volumes as previously reported by Cointelegraph.

Since the beginning of the year, trading records have been reporting lower numbers according to a previous report by Cointelegraph. Coinbase was experiencing lows that they have not been seen since 2017, with the Bitcoin (BTC) and US Dollar (USD) at allegedly around $1 billion.

Source : COINTELEGRAPH


Like it? Share with your friends!

0

What's Your Reaction?

hate hate
0
hate
confused confused
0
confused
fail fail
0
fail
fun fun
0
fun
geeky geeky
0
geeky
love love
0
love
lol lol
0
lol
omg omg
0
omg
win win
0
win
COINTELEGRAPH

Comments

comments

Powered by Facebook Comments

Choose A Format
Story
Formatted Text with Embeds and Visuals
Video
Youtube, Vimeo or Vine Embeds
List
The Classic Internet Listicles
Open List
Submit your own item and vote up for the best submission
Countdown
The Classic Internet Countdowns
Poll
Voting to make decisions or determine opinions
Ranked List
Upvote or downvote to decide the best list item
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Meme
Upload your own images to make custom memes
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF
Gif
GIF format