According to various bitcoin market data providers such as BraveNewCoin, Europe accounts for 8
percent of global bitcoin trading, processing around $ 70 million worth of bitcoin trades on a daily basis.
Prior to 2017, China accounted for as much as 90
percent of all global bitcoin trading.
Until recently, 95
percent of global Bitcoin trading was done though Chinese exchanges.
As a result, yen to bitcoin transactions now account for around 40
percent of global bitcoin trading volumes.
By 2013, it had nearly 1.1 million active accounts from 239 countries and handled upwards of 90
percent of global bitcoin trading.
Binance made up 14.22
percent of global Bitcoin trading, followed by Upbit with 13.06 percent and Bithumb with 10.53 percent.
At the time of writing, on CoinMarketCap, the BTC / CAD trading pair accounted for 0.05
percent of the global bitcoin trading volume.
Bloomberg reported 21
percent of global bitcoin trades during a 24 - hour burst in activity last week involved Korean won.
Today, the Chinese bitcoin exchange market accounts for less than 5
percent of global bitcoin trades and in four weeks time, China's bitcoin exchange market will have no trading activity at all.
Prior to the imposition of a nationwide ban on Chinese exchanges, the Chinese bitcoin exchange market accounted for around 10 to 13
percent of global bitcoin trades.
With a reported 75.7 % share of the South Korean bitcoin market volume, Bithumb is one of the five largest bitcoin exchanges in the world and hosts over 13,000 bitcoins worth of trading volume daily, or roughly 10
percent of the global bitcoin trade.
Weese revealed that Huobi, OKCoin, BTCC (which operate as Huobi Pro) and OKEx now account for seven
percent of global Bitcoin trades.
Just a year ago, China was responsible for ninety
percent of global bitcoin trade.
China was the biggest player by far, capturing over 80
percent of the global Bitcoin trade volume, according to some reports.
But, earlier today, Bitfinex, the largest Bitcoin exchange in the world in trading volume that accounts for 10
percent of all global Bitcoin trades, announced its closure in the US.
As a result, the Chinese Bitcoin exchange market's trading volume declined significantly, only accounting for around 1
percent of global Bitcoin trades.
Even though the Chinese bitcoin exchange market was not a major market to begin with as it only accounted for 10 to 13
percent of global bitcoin trades prior to the ban, the bitcoin mining industry of China is accountable for a large portion of the global bitcoin hash rate.
At press time, the South Korean Won stands at fifth, with approximately five
percent of the global bitcoin trade.
According to several cryptocurrency market data providers including CryptoCompare, the Japanese bitcoin exchange market accounts for 64
percent of global bitcoin trades, nearly twice as large as the US.
Bitcoin price has surpassed $ 12,000 in both South Korea and Japan, two major bitcoin markets that are accountable for approximately 74
percent of global bitcoin trades.
Many investors, traders and analysts still remain optimistic in regard to China's ban on exchanges because throughout 2017, the Chinese bitcoin exchange market only accounted for approximately 10 to 13
percent of global bitcoin trades.
Not exact matches
The Singapore dollar makes up 0.02
percent of daily
global bitcoin trading volume but the country has emerged as a hub for ICOs.
Once the largest
global market for
trading, China now accounts for 1.5
percent of bitcoin transactions, while Japan — where regulators have been more open to digital currencies — accounts for more than 60
percent, according to CryptoCompare.com.
At the time
of writing, Seoul - based cryptocurrency exchanges Upbit and Bithumb each priced
Bitcoin at about $ 9,100, which represented a roughly five
percent premium over the coin's
global average, although these platforms accounted for just a combined four
percent of total
Bitcoin trading volume.
The largest
Bitcoin Cash market by - volume is Bithumb, which accounts for roughly 30
percent of the
global trade through its Korean won -
Bitcoin Cash
trading pair, CoinMarketCap figures show.
Huobi and OKCoin, the two largest Chinese exchanges that now account for some 92
percent of Bitcoin global trading by (self - reported) volume, both reported almost double the usual
trading volume over the past weekend.
Huobi, OKCoin and BTCC account for 90
percent of Bitcoin's
global trading volume and saw prices near historical highs in the past 36 hours before they fell dramatically.
The Japanese yen has dominated
global bitcoin trade markets month over month this year and occasionally captured well over 60
percent of the world's BTC
trade volume.
At the moment South Korea commands the fifth spot, as the won holds roughly 5
percent of bitcoin's
global trade volume.
India is adopting
Bitcoin and other cryptocurrencies enthusiastically with India accounting for nearly 10
percent of global cryptocurrency
trades in May 2017 according to the news website thequint.com.
The
bitcoin price is currently
trading at a
global average
of $ 10,116, representing a one - hour gain
of six
percent and a welcome recovery after following a sub - $ 10,000 dip earlier in the day.
The largest
Bitcoin Cash market by - volume is Bithumb, which accounts for roughly 30
percent of the
global trade.
But, the resumption
of cryptocurrency
trading by the Chinese government could lead
bitcoin price to new highs, as China was still a major market with around 10
percent of the
global bitcoin exchange market share prior to the ban.
Often the Japanese yen has accounted for up to 60
percent of the
global bitcoin volume due to massive
bitcoin trading activities between the nation's currency.
Bitcoin accounts for 35
percent of global cryptocurrency
trading and it is the most influential cryptocurrency on the market.
The abrupt migration
of traders led to the short - term surge in the
trading volume
of Japan, allowing the market to overtake the US by over 20
percent in
global Bitcoin exchange market share.