In line with a recent ‘report‘ published, U.S. is presently the leading source of traffic to crypto-currency exchanges globally.
This traffic analysis was revealed by crypto news outlet ‘The Block’ earlier on 31st May. The study adds that around 24.5% of the total traffic directed to cryptocurrency exchanges originates in Unites States while the 2nd place is followed by Japan, with around 10% of the total global traffic, followed by South Korea at 6.5% and Indonesia at 4.5%.
Yet, the analysis report further outlines that some countries – For example China – block access to ‘cryptocurrency‘ exchanges and users from those places sometimes access them via VPN’s [Virtual Private Networks]. VPNs mask users’ IP addresses, making them seem as if they were from some other country, decreasing the accuracy of this study.
Lastly, The Block claims to have detected a optimistic correlation between gross domestic product per capita & the volume of web traffic directed towards crypto exchanges.
Explaining further, the report adds as:
“Data shows poorer countries are not dealing in cryptocurrencies as much as the wealthier countries.”
As ‘reported‘ earlier this week, renowned American cryptocurrency investment manager firm ‘Bitwise Asset Management’ published a report claiming that the fake trading volumes by crypto exchanges don’t seem to impact the price of Bitcoin’s [BTC].
Also earlier this month, another news ‘broke-out‘ that Japan’s FSA [Financial Services Agency] is reportedly cracking down on cryptocurrency exchanges that provide anonymous transactions or have weak identification practices in preparation for inspection by the FATF [Financial Action Task Force] this fall.