Cryptocurrencies With Biggest Trading Volume Ranked By Countries

If you are an experienced trader or just starting, you must keep up with news on trading no matter where you are in the world. This kind of news brings you the biggest impact on the coin value. If you consider how little effect the ban on Bitcoin in smaller countries had, it’s important to see the difference it makes in bigger ones. This is why you have to follow each country’s trading volume in order to keep up.

1. South Korea

It makes sense why South Korea is on this list. It’s one of the most advanced countries technology related. This country was ranked as the fifth most high-trading country in the world, especially for trading Bitcoin. After 11^th of January of last year, the South Korean Government announced that they were planning to ban cryptocurrency trading. Seconds after the announcement more than $100 billion was wiped from the coin market. Many users started to massively sell their coins in the months that followed, bringing bitcoin to an all-time low.

2. China

Despite China being the second-largest economy in the world, it’s also a place where residents seem to love cryptocurrencies. In 2017 China took the title for world’s leading coin market. Chinese citizens bought coins and held on to them as a safe option instead of their own fiat currency. Last year in January, the PBoC announced that they started investigating every major exchange in the country. This was an immediate hit and led Bitcoin to drop in value over 30. China is now on the number 19^th in trading volume. The good thing is that Chinese citizens still buy a lot of coins.

3. The United States

The USA showed great interest in buying crypto coins. In June you could see the SEC starting to regulate ICOs which led to a rise in the coins value. Another sign that the US has a huge market share is by the number of the many popular exchanges in the country.