Hong Kong, Singapore have the most registered crypto exchanges
September 21, 2019
The United States, United Kingdom, Hong Kong, Singapore have the most registered number of digital exchanges according to data from Bitfury’s blockchain analytics platformCrystal.
On Sept 9th, a report was published titled “Report on International Bitcoin Flows 2013–2019” by Crystal. The report covered on bitcoin transactions and cryptocurrency operations all over the world between Jan. 1, 2013, and June 30, 2019.
UK and US in the lead
The report highlighted that the UK and USA are in the lead followed by Hong Kong and Singapore.
According to the report, in 2013 96% of Bitcoin that was transferred in exchanges came from “G20 & Other ” groups. It went down by 70% in the year 2018.
“In 2018, the total volume of bitcoin directly transferred between exchanges was almost $92.6 billion. A total of $65.1 billion was transferred by exchanges from G20 countries, Hong Kong, and Singapore.”
Notably, 10% of the exchanges in the survey are not registered under any country.
The G20 leaders at G20 summit in Osaka on June 29th stated that “cryptocurrencies do not currently constitute a threat to monetary stability, and that technological innovation can deliver significant benefit to the economy.”
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