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.”
Crypto News Point a news platform of Digital Notice Media Labs is primarily a regular publication of information, commentary and articles focused extensively on fintech, blockchain technology, cryptocurrency, blockchain-based tokens, cryptocurrency market trends, and trading strategies. We do not provide individually tailored investment advice and does not take a subscriber’s or anyone’s circumstances into consideration when discussing investments, nor is Crypto News Point registered as an investment adviser or broker-dealer in any jurisdiction. Information contained herein is not an offer or solicitation to buy, hold, or sell any digital assets.
Affiliate Disclosure: To help support the work we do here at CNP, we often link to products and deals from around the web. Should you buy some of these, we may get a portion of the sale.
We in generally gather content from the major websites. In every article there is always a clear link and attribution to the source publication. If you have any issue with any of our published content taken from your site, kindly let us know so that we can take appropriate action. In any case, the content of the pages of this website is for your general information and use only. It is subject to change without notice.
Pluto Exchange, the Indian-based cryptocurrency exchange, is accused of duping 43 investors of more than $272,000. It has been reported by a local news outlet Millennium Post that the Economic Offence Wing of the Delhi...
MEME, a community-driven project, has gained almost 100% in 24-hours to post an all-time high of $1,775 after being listed on Poloniex. It has been reported that since the start of September, MEME has gained more than...
Strictly Necessary Cookies
Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.
If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.