Countries with the Largest Cryptocoin Transactions
The United States currently leads the world in cryptocurrency transaction volume. Most of this activity occurs through US-based crypto exchanges and trading platforms, such as Coinbase and Binance.US. In addition, crypto adoption by institutional investors and retail users in the United States is also quite significant.
After the United States, some other countries with large crypto transaction volumes are:
- China: Although the Chinese government has imposed a strict ban on crypto trading, the country still has large transaction volumes, especially through over-the-counter (OTC) trading activities and platforms operating overseas.
- Japan: Japan was one of the early adopters of crypto regulation, with significant transaction volumes especially through exchanges such as bitFlyer and Liquid.
- South Korea: South Korea has a very active crypto community, with high trading volumes on platforms such as Upbit and Bithumb.
- European Union: Countries such as Germany, the United Kingdom, and France also have thriving crypto markets with increasing transaction volumes.
Factors influencing crypto transaction volumes in these countries include friendlier regulations, high technology adoption, and strong interest from institutional and retail investors.
