According to DataLight, analyzing transactions by using the top 100 Bitcoin exchanges and discovering that more than 22 million users are fr...
According to DataLight, analyzing transactions by using the top 100 Bitcoin exchanges and discovering that more than 22 million users are from the United States, followed by Japan with 6 million users and South Korea with 5 million.In general, it takes up to 6 plus countries to reach the number of US traders.
Notably, Korean trading platforms such as Bithumb reported large trading volumes, but this number could be completely fake.
According to CNN, many exchanges are also involved in trading operations, in which users will be rewarded for making transactions, or in other words, when they pump up the trading volume.
DataLight's report notes some interesting findings, including the number of impressive traders in Turkey.
"For example, Turkey last year witnessed strong fluctuations in the value of the lira when the political situation shook the country. Interestingly, in August 2018, the 10% decline of the lira was accompanied by a sudden increase in trading volume on LocalBitcoins.
CNN has casually reported on issues users had with the Sistemkoin trading platform.
Turkey's population reached nearly 80 million people, including 2.4 million traders. The figure is equivalent to 3% of the country's population, compared with 7% of the US population participating in pre-coding transactions.
Meanwhile, nearly 6% of Britons trade electronic money.
These numbers are relatively high, however, the DataLight report does not analyze the transaction frequency. Data will be more impressive if the level of transaction of each country is indicated.
The number of pre-encrypted traders currently reaches 68 million and will continue to increase
However, the US is still a legal nightmare for pre-encrypted traders as many agencies declare jurisdiction over pre-encrypted transactions.
Recently, finCEN, a little-known agency in the field of electronic money, fined a Bitcoin trader. Law enforcement agencies, including SEC and CFTC, are also involved in managing pre-coding.
The situation is so confusing that the Token Taxonomy Act has been reintroduced with the aim of simplifying the entire asset class. Under the proposed law, exchanging in kind up to $ 600 will not be considered taxable income and the SEC will lose jurisdiction over encrypted currencies.
America's largest trading platform is Coinbase, which boasts more than 10 million of the 22 million US users.
Some other data will play a more useful role in DataLight's research analysis. As stated earlier, the trading frequency and transaction amount and trading time are important information.
According to DataLight, there are a total of about 68 million people transacting money around the world, outnumbering the UK population.
CEO of the trading floor Binance, Changpeng Zhao, believes that the number of future users of encryption will exceed the current number of Internet users.
