I think i seen a link related to bitcoin popularity by nations.
If one asks because wants to know which country or region is most influential... then we can look at different times of a variety of events. I noticed bitcoin news are most influential from US as SEC, Korea as exchange new regulations, and ASIAN time as the period when price usually had major volume change.
Topic: What is the cryptocurrency market world division ? (Read 175 times)
To find out how the market is divided is pretty difficult,most times it all hinges on exchange,you can also check the verification while registering at the place of exchange
The encryption market is changing every day. These data are not accurate data. I think most of the statistics are based on the volume of exchanges in each country. But there are a lot of over-the-counter transactions that are hard to count.
Hello,
I want to know how the crypto market is divided. People give me figures, for example that Korea represents 50 % of the market. But I can not find reliable sources. Any clue ? I obviously tried to Google this.
you can see the volume capacity of the CMC, I think the data in the CMC can be trusted, because every update is always updated. I want to know how the crypto market is divided. People give me figures, for example that Korea represents 50 % of the market. But I can not find reliable sources. Any clue ? I obviously tried to Google this.
No their is no measurement we can know how crypto market divide because on exchanges volume come from different countries also crypto adaption is happening very fast so peoples are using cryptocurrency worldwide so we can't say how much % which country are using.
As far as I’m concerned, it's really difficult to know exactly how the crytocurrency market is divided
Even if you measure their volume, they just send btc and daytrade / arbitrage to different currency pairs and get the btc out again. This does not mean that a person holds 200k btc. As I said if exchanging (a) the volume shows 200,000btc traded in a day and barter (b) says 100,000 billion tonnes, so no one can claim (a) that the exchange is richer / are used more
Due to privacy reasons, it will be impossible to answer this question, exchange could give the answer but they will never do this as they don't have the right and also one exchange is not suffiscient as repartition ill change from exchange to exchange.
exchange data is mostly public and is accessible to anybody who wants. and the only number that you need from the exchange to know the share percentage of each market from the total market is the "Volume" which is the total trading volume in each day. this is a good enough comparison unless that said exchange has zero trading fee or is reporting fake volume.
Due to privacy reasons, it will be impossible to answer this question, exchange could give the answer but they will never do this as they don't have the right and also one exchange is not suffiscient as repartition ill change from exchange to exchange.
I think it's hard to know because it depends on many other factors
no way to really know
take for instance some exchanges that say they are HQ'd in a specific country. but their many users are not even residents of that country and do not deposit that countries fiat. they just deposit btc and daytrade/arbitrage different currency pairs and take btc out again. thus they mess up any known figures of proper residents.
secondly. the volumes dont reveal anything either.
say the volume was 100k btc. this does not mean one person holds 100k btc. this could mean 2 people played ping pong and used bots to rapidly make 100k trades of a single 1btc.. again thus they mess up any known figures of proper residents just buying bitcoin.
market caps and market volumes are MEANINGLESS
as i said if exchange(a) volume shows 100,000btc traded in a day and exchange(b) says 90,000btc traded in a day.
does NOT mean
(a) has 100k held
(b) has 90k bitcoins held
so no one can declare (a) as the wealthier/more used exchange
infact
(a) could have 2k coins and those 2k coins were circulated by 5,000 people(0.4btc each) 50 times
(b) could have 10k coins and those 10k coins were circulated by 10,000 people(1btc each) 9 times
where by volumes would appear that (b) only done 90k volume but infact has more btc held and more users registered
take for instance some exchanges that say they are HQ'd in a specific country. but their many users are not even residents of that country and do not deposit that countries fiat. they just deposit btc and daytrade/arbitrage different currency pairs and take btc out again. thus they mess up any known figures of proper residents.
secondly. the volumes dont reveal anything either.
say the volume was 100k btc. this does not mean one person holds 100k btc. this could mean 2 people played ping pong and used bots to rapidly make 100k trades of a single 1btc.. again thus they mess up any known figures of proper residents just buying bitcoin.
market caps and market volumes are MEANINGLESS
as i said if exchange(a) volume shows 100,000btc traded in a day and exchange(b) says 90,000btc traded in a day.
does NOT mean
(a) has 100k held
(b) has 90k bitcoins held
so no one can declare (a) as the wealthier/more used exchange
infact
(a) could have 2k coins and those 2k coins were circulated by 5,000 people(0.4btc each) 50 times
(b) could have 10k coins and those 10k coins were circulated by 10,000 people(1btc each) 9 times
where by volumes would appear that (b) only done 90k volume but infact has more btc held and more users registered
for example that Korea represents 50 % of the market.
maybe in early days there was a country that had 50% or more of the market but today with all the adoption that has happened around the world no country has 50% or even close to that.
unfortunately there is no easy way to measure it either because exchanges aren't limited to one country so even if you measure their volume you are seeing the volume coming from a lot of different countries.
To know or see the distribution I think it is very difficult, maybe to find out I think from their verification when registering at the exchange place by requiring the use of their identity.
Yes, I thought the same thing... It must be difficult.
To know or see the distribution I think it is very difficult, maybe to find out I think from their verification when registering at the exchange place by requiring the use of their identity.
Hello,
I want to know how the crypto market is divided. People give me figures, for example that Korea represents 50 % of the market. But I can not find reliable sources. Any clue ? I obviously tried to Google this.
I want to know how the crypto market is divided. People give me figures, for example that Korea represents 50 % of the market. But I can not find reliable sources. Any clue ? I obviously tried to Google this.
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