Malta & Russia lead crypto volume trading on exchanges and P2P

14 Aug, 2018
by Ryan Boltman
News
Malta & Russia lead crypto volume trading on exchanges and P2P

Bitcoin.com recently published an article highlighting the top crypto trading countries in the world in the form of exchange based trading as well as over the counter (OTC) trading. 

Bitcoin.com published the report which was conducted by Worldcore, who used statistics from a Morngan Stanley study conudcted earlier this year. 

The study showed a greater volume traded in countries where legislation was favourable for cryptocurrencies. Exchange based volume was the highest in Malta, which currently offers some of the most crypto-friendly regulations in the world. Between the months of June and July 2018, Malta saw trading volume of $1.2 billion followed by Belize, and the Seychelles.

Peer-to-peer transactions brought in different results with Russia taking the lead in a one week study utilizing Localbitcoins P2P exchange. Nigeria was a surprise candidate on the top 4, falling behind USA and China.  

The results prove that under developed countries make use of a P2P exchange platform as there is a lack of an online exchange platform to utilize.

   

Image from Gyazo

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