Curious what Countries are visiting what Cryptocurrency Exchanges?

in cryptocurrency •  3 months ago

Have you ever wondered exactly what countries were really using what cryptocurrency exchanges?

If so, look no further!

According to data compiled by https://twitter.com/tokens24, we can easily see what country is visiting what exchange.

Take a peak:

Commercial Photography
(Source: https://twitter.com/tokens24)

When I first saw this data I found it truly shocking how much of the traffic was coming from US users, even on exchanges based in other countries!

I am not really sure whether that is a good thing or a bad thing, but it is a thing never the less.

Digging a bit deeper, we can also see some of the overall web traffic for each exchange:

Commercial Photography
(Source: https://twitter.com/tokens24)

Not surprisingly, Coinbase is dominating most of these web traffic statistics, but new comer Binance is quickly asserting its name in with the big boys of crypto.

Given where all the traffic seems to be coming from, I would not be surprised to see Robinhood on this list within the next year, especially when they expand the reach of their crypto trading app.

The google search phenomenon.

Finally, thrown in for good measure, we can see how closely google searches of bitcoin seem to correlate with its price.

No this is not a price chart:

Commercial Photography
(Source: https://twitter.com/tokens24)

Could have fooled me, it looks almost identical to the price chart over this same time period!

It's not all that surprising when you think about it, but it is interesting never the less.

Conclusion:

Overall, I would say that the visits by country to cryptocurrency exchanges over the last 60 days was extremely surprising and eye opening to say the least.

I had no idea the vast majority of visits seem to be coming from US based users.

Cryptocurrency exchanges are growing like weeds.

The price of bitcoin follows (or more likely leads) google searches.

Stay informed my friends.

Follow me: @jrcornel

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I find it very interesting how many Russians seem to be using Poloniex. Also, whats with the French interest in Kraken? Is it their Euro pairs?

wondering whether we can get the traffic from China

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Do you mean because of VPN?

I always love great data posts. As a side note, traffic growth to exchanges is a great proxy to crypto adoption. And all of them are in the green. We are on the cusp of something big

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My thoughts as well. I am thinking it will be easier to get money in on the next crypto surge, which could make prices go even higher than they did on the last surge.

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Exactly, the more ppl with exchange accounts, the more accessible crypto is, the more FOMO there is.

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I think most of the traffic Is from Asia... and now with China Banning Exchange I think it will be slow for things to go higher.. it will but will just take time.. once things like Loopring is out 100% then that will greatly improve how we can exchange our coins.. anyway it is still very early days in crypto..

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Where's that data from? Alexa or something? If it is then the data is very limited and highly skewed. If it's just searches results, it doesn't really tell us anything other than what people are looking at briefly.

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Agreed. It wasn't made clear exactly where this data was obtained. However, I would imagine it didn't filter for VPNs. Basically, this data could be very telling or mostly meaningless. You decide. :)

I'm not so surprised. US traffic is usually on top on most international sites (of English language). China, Korea and Japan seem a little low when it comes to cryptocurrencies. Are they using other local exchanges, perhaps? Binance has risen quickly! Hopefully they will overcome the problems caused by this rapid growth.

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Yes I am wondering if they are somehow routing back through US sites, due to it being illegal over there, making it look like it's a US based user.

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They might. Chinese already have experience in using VPNs to bypass gvt's censorship.

Good work. Nic post.

Interesting, how about traffic behind VPNs?

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Good point. That wasn't made clear if there was a way to filter for that data or not. Basically this data is either very telling, or mostly meaningless... or something in between. Take it as you wish. :)

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good nice post

mr.jrcornel

Very nice and useful post . .
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This is very information to read. Unfortunately my country is not on here. I have been asking around here and cannot get good answers. I am going to set up an account at Coinbase and Binance. Thanks for the info.

Wow! Thanks for sharing this Great info!. Please is it possible to get the details for any country around the world? because i'm curious to see the stats of my country, Cameroon. I wonder if we are up to 100 traders tho.

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Wow this post is filled with surprises ....I'm actually very surprised that binance is showing it's might among the "big boys" .... good work!!!

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is happening immediately for expression thanks for sharing

Thank you..good post.nice post....all the best....

Great news sir,,, I will really benefit from this

nice effort, thanks!

nice post... resteemed..

Nice post thanks for sharing...

This is informative man! We need to see our coins moon soon.

excellent information of bitcoin, nice post , thanks for sharing

I regularly flow to your post.this is great post

nice post man

You forget to list zebpay which have more than 2 million user

Great you brought it across to us...nice one

Wow that is a lot coming from the US... 😮

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Tnx for your information.......the post is great for mine ........nice post @jrcornel
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Why is cryptopia not part of your review. It's a good sign the US and UK are toping the list as their authorities are responsible for the crash of the market. But hopefully, it will certainly bounce back to life.

Thanks for sharing @jrcornel.

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Very interesting data about the US buyers on exchanges... also BTC price movement preceding keyword search data.

Never knew about these stats! Thank you for sharing!

the bitcoin will be the new world currency, the Americans do search followed by this currency because this will be the new global trend in futuristic trade, being one of the best offers in monetary exchange, thanks for the information.

Thanks for the information, been looking for something like this for a few days, just hadn't got round to finding it!nice post

Trade crypto for mailing American products to you? Let me know what’s up

Interesting my country is no where to be found on the list. I guess majority of the people here are still innocent on what cryptocurrency is.

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It'll be interesting to see how long Coinbase holds the throne..

thanks for great sharing and info

nice detailed info..expecting more news,upvoted it!! cheers!!

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Thanks for the information, been looking for something like this for a few days, just hadn't got round to finding it!

Nice one

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I wonder where the Philippines is at? :D
They only show the top users maybe.

great information indepth analysis

Thanks for collating & compiling the data. I tell ya, Binance came blazing out of the gate! Here I was, thinking that Poloniex would keep its #1 spot.

good job

Turkish users mostly using domastic exchanges like Paribu , BTCTurk and Koinim Exchanges, that is why traffic so low among the Turkish users.

Upvoted, thankyou for the support , interesting post.

Crazy to see the grow in the exchanges tho. Thanks for providing this I may have to increase my position in binance now :) lol

This stats shows the dependency that the crypto world is living in, US, China and Korea are the Big Boys on cryptocurrencies... that´s why the korea "ban" were so bad for the markets and after some more information the bounce back up was very significant.

Nice post

valuable information ! Thanks

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I think its interesting that the US has so many more than any other country, many times more than some countries. I don't understand most of this stuff but its still neat to look at. :D

Nice information about currency

Thanks alot !! I didn't know about these statistics. We need all the information we can get in this new digital world approaching at light speed. I'll be checking back for the next posts. Have to share this ... Steemin' ON....H

Interesting stats, thanks for posting ! Upvoted and followed !

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You need to take the population of these countries into perspective.
Obviously the US has the highest population and therefore it's not very surprising that they cause the majority of the traffic on most exchanges.

very interesting, nice blog