22 Million US Crypto Traders Overshadow Global Rivals
New research from DataLight has surfaced and it has found that amongst the top 100 Bitcoin exchanges, a whopping 22 million traders are from the United States. The closest to the US is Japan, with just 6 million traders. Coinbase […]
Which topics should we dive deeper into?
Select what genuinely interests you. Your picks feed directly into our editorial planning.
Crypto news that's actually worth your time.
Weekly. 60 seconds. Carefully curated by our editors: no hype, no promo flood, no spam.
New research from DataLight has surfaced and it has found that amongst the top 100 Bitcoin exchanges, a whopping 22 million traders are from the United States. The closest to the US is Japan, with just 6 million traders.
Coinbase remains to be United States largest crypto exchange, being used by more than 10 million traders. What’s more mind-boggling is the fact that according to DataLight, there are a total of 68 million crypto traders across the world. This is more people than the entire population of the United Kingdom put together.
Source: DataLight
Turkey, the new kid on the block
DataLight’s report notes some interesting findings, including the impressive number of Turkish Bitcoin traders.
The report says,
“Turkey, for example, has in the last year seen wild fluctuations in the value of the Turkish Lira, as turbulent political conditions rock the country. Interestingly, on one day in August 2018, a 10% drop in the value of the Lira was accompanied by a marked spike in volumes on bitcoin exchange LocalBitcoins.”
However, even with the huge hype for cryptocurrency trading in the United States, it does not come all hassle free. Many of the law enforcing agencies like SEC and CFTC are claiming jurisdiction over these trades. What makes the matter more complicated is FinCEN (Financial Crimes Enforcement Network), a not so popular player when compared to SEC and CFTC, recently fined a Bitcoin trader.
Future of Crypto trading
The situation has gotten so out of hand that the Token Taxonomy Act is now reintroduced with a goal of toward simplifying the whole asset class. Under the proposed law, in-kind exchanges up to $600 can no longer be considered taxable income, and the SEC would lose jurisdiction over crypto tokens.
Binance CEO Changpeng Zhao had recently gone on Twitter to predict that the number of crypto users in the future will outpace the number of Internet users today.
The stats are however incomplete. They do not tell us the frequency of the trades or about the value of these trades. It will be interesting to spectate the crypto space for the next few years to see where the field will evolve into also putting into account the sudden boom in Blockchain technology as more and more Silicon Valley giants such as Google, Microsoft, and Facebook all start to board the Crypto hype train.Follow us on Twitter, Facebook, Steemit, and join our Telegram channel for the latest blockchain and cryptocurrency news
Related articles
Which topics should we dive deeper into?
Select what genuinely interests you. Your picks feed directly into our editorial planning.
Crypto news that's actually worth your time.
Weekly. 60 seconds. Carefully curated by our editors: no hype, no promo flood, no spam.
January 13, 2024 7:10 AM
Bitcoin Price Prediction: Will the BTC Price Crash to $35,000?
Will the BTC price crash to $35,000? Let's take a look at this Bitcoin price prediction article in more detail.
October 14, 2023 7:45 PM
Crypto Price Analysis Amidst the Hamas-Israel Conflict: Will Crypto Crash?
How are cryptocurrencies, the decentralized digital assets, responding to this geopolitical tension? Will crypto crash?
October 14, 2023 12:42 AM
Bitcoin Prediction as Crypto Prices Stabilize…What’s Next in 2024?
As we delve into the performance of Bitcoin in 2023, we aim to provide a comprehensive Bitcoin prediction overview of its future movements.
August 14, 2023 6:27 PM
Coinbase Canada Expansion Amidst a Wave of Crypto Platform Exits…Why?
As the cryptocurrency market landscape shifts worldwide, Coinbase, a leading crypto platform, is strengthening its roots in Canada.
March 5, 2023 7:18 AM
Top 5 Cryptocurrencies Of The Week – Week 9
We have compiled a list of the top 5 cryptocurrencies of the week based on their performance over the last seven days.
October 9, 2022 7:12 AM
Top 5 Cryptocurrencies of the Week -Week 40
This article is all about the top 5 cryptocurrencies that displayed good performance in the last seven days. Let's take a look at it in more detail.
June 3, 2022 10:26 AM
Top 3 Best Centralized Exchanges For June 2022
In this article, we will be looking into what centralized exchanges are with a highlight of the top 3 best-centralized exchanges.
May 26, 2020 12:37 PM
Bitcoin Price Analysis: Is BTC Price Recovering?
The Bitcoin halving event is just a few days away. The Bitcoin price is already showing a slight recovery after a considerable decline. Is this the perfect time for a rally above $10,000 and towards the all-time high at $20,000? […]
October 12, 2018 3:55 PM
Japan Pushes Crypto Exchanges Not to List Anonymous Altcoins
The Japanese Financial Services Agency (FSA) started executing pressure measures on all of the local crypto-related platforms to remove the anonymous altcoins listed on them, just recently. A short while ago reports from Tokyo were released stating that a diverse group […]
April 22, 2026 8:22 AM
Bitcoin Price Prediction Before 2023 Ends
Explore Bitcoin Price in 2023, resiliently rising to $36,500. Predictions hint at $30,000-$40,000 range, shaped by sentiment and tech factors.
March 5, 2024 5:46 AM
Coinbase Crashes Again? Coinbase’s Server Capacity Woes
Coinbase has once again faced severe technical issues. Let's take a look at this Coinbase crash article in more detail.
February 26, 2024 4:26 PM
Can $100 in Theta Network (THETA) turn into $1000 by Bitcoin Halving?
With Bitcoin taking a breather, it's giving altcoins like a chance to strut their stuff. This article is all about THETA price prediction
February 14, 2024 1:45 PM
Bitcoin Reaches $51K Again: What’s Happening?
In this article, we'll talk about Bitcoin hitting $51K again, showing its big comeback and why it's a big deal for folks into crypto.
December 28, 2023 1:30 PM
Bitcoin Market Trends: Whale Buys and Upcoming Catalysts Analyzed
Dive into CryptosRUs' analysis of Bitcoin's market trends, highlighting whale buying activities, the impact of potential ETF approvals, and the rise of Layer 2 solutions in the evolving crypto landscape.
December 10, 2023 11:48 PM
Key Altcoins to Watch out for in the Current Crypto Market
The crypto market is making higher highs not seen in years. This could signal the beginning of the altcoin season. Which altcoin to buy?
December 3, 2023 4:36 PM
Top 5 Altcoins to BUY in December 2023 – Best Crypto Investment
BTC is almost at $40,000 while the altcoin market is awaiting further highs. Here are our picks of the top 5 altcoins to buy in December 2023.
November 21, 2023 7:24 PM
Kraken SEC Lawsuit: Regulatory Pressure on Crypto Exchanges Growing?
The U.S. Securities and Exchange Commission (SEC) filed a complaint against Kraken, one of the major cryptocurrency exchanges. What happened?
August 12, 2023 3:36 PM
Deep Dive: The Number 1 Crypto to Buy Today is…
Crypto to buy: Cryptos are not merely digital assets; they offer a unique value proposition in both political and evolutionary contexts.
August 6, 2023 7:40 AM
Crypto Forecast: Bag A vs. Bag B – Which Bag Will Make You Richer by Month 4?
Today, we'll delve deep into two distinct sets of cryptocurrencies: Bag A and Bag B. Let's take a look at this crypto forecast article.
August 2, 2023 4:39 PM
Top 5 Altcoins to Buy in August 2023: Do NOT Miss Out!
The crypto market is currently consolidating with signs of reversals. In this article, we'll explore the top 5 altcoins to buy in August 2023.
July 21, 2023 6:21 PM
Top 3 Cryptocurrencies to Buy before the REAL Crypto Bullrun
Let's take an in-depth look at 3 cryptocurrencies to buy before the real bullrun starts. Do you already own any of the below?
March 22, 2023 1:44 AM
The Top Crypto Exchanges to Consider in 2023
Looking for the best crypto exchanges to use in 2023? Read our article for a list of the top exchanges, including Binance, Coinbase, and Bybit. Learn about their features, fees, security measures, and more.
March 18, 2023 1:32 PM
Bitcoin vs Ethereum – Which is BETTER to hold for the Long Term?
Which one is better to hold, Bitcoin or Ethereum? Let's get into a quick analysis of Bitcoin and Ethereum.
February 26, 2023 6:23 AM
Top 5 Cryptocurrencies Of The Week – Week 8
This article is all about the top 5 cryptocurrencies that performed well in the last seven days. Let's take a look at it in more detail.
February 20, 2023 10:36 PM
Top 5 Altcoins to BUY in March 2023: Best Cryptocurrency Investments
In this article, we will take a closer look at the top 5 altcoins to buy in March 2023, based on their growth and technical assessments.
More from CryptoTicker