8 Countries Leading in Bitcoin Trade

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It is widely believed that large cryptocurrency exchanges and mining companies hold the most number of Bitcoins. These are called “whales” or the biggest crypto investors. At the same time, there are individual investors who have successfully placed their countries on the Bitcoin trade map through their collective investments. While mainstream adoption of the Bitcoin may be still far away, there are a significant number of crypto asset investors owning and holding Bitcoins.

Countries That Lead the Bitcoin Trade:

  1. The United States is home to most cryptocurrency trading activities and houses the maximum number of cryptocurrency exchanges, crypto mining facilities, trading platforms, and blockchain-based projects. No surprises then why the US ranks first in the list of countries leading in Bitcoin trades. Here is a immediate edge review which is an automated bitcoin trading application driven by an algorithm that is used by top level investors. With a massive cryptocurrency trading population compared to other countries, the Americans account for about 8% of total Bitcoin owners.
  2. China has definitely made many recent crackdowns on cryptocurrency activities in the country, but it continues to have an impressive track record as far as digital trades are concerned. It has the biggest leading exchanges which report the highest volumes of daily Bitcoin trade. The Chinese have relocated to power plant regions to take advantage of the low-cost power supplied by these to be used for mining crypto coins. But, in light of the recent regulatory actions against crypto assets, the number of investors might go down in the coming years.
  3. Romania is also home to many IT global businesses, freelancing developers and programmers. Therefore it is not surprising that its people will be open to cryptocurrency investments. Romanians are ahead of others in HODL crypto. Because of the existence of so many global companies in Romania, cryptocurrency payments are popular since transaction costs are low.
  4. The Czech Republic is an exception amongst East European nations because it has a full-fledged cryptocurrency community, unlike the others who are skeptical about owning these digital currencies. 9% of its total consumers invest in cryptocurrency; the exact numbers holding Bitcoins is of course not known, but it can be assumed that it is an impressive amount.
  5. Poland has a large cryptocurrency industry but this is unchartered territory, and not much can be learnt about it. Almost 11% of the total population has minor investments in cryptocurrencies and more and more people are slowly gaining an interest. In July of last year Bit Market, the largest cryptocurrency exchange in Poland, faced liquidity problems. It shut down and led to the loss of many million dollars of Bitcoin. So, Poland is now focusing on making changes to its regulatory framework in order to stay in the race.
  6. Spain is home to many bank ATMs that support Bitcoin exchange to get fiat currency. According to CoinATMRadar, there are as many as 96 ATMs for handling Bitcoins. This may have helped in adopting crypto assets by a large population here, but in spite of almost 10% consumers owning such assets, more growth is desired.
  7. Turkey is known for political strife and tension, but these conditions did not prevent the Bitcoin and other crypto coins from making their presence felt in this country. There are no laid-down procedures for blockchain or crypto-related matters, but things are changing. Almost one out of every five Turks holds Bitcoins and other altcoins, and this comes to a very high number.
  8. Finally, Japan has a pro-crypto community and it is one of the very few nations that accepted cryptocurrencies as legitimate forms of payment. This explains why there are many Bitcoins getting transferred to and from Japan. CoinMarketCap reports that Japanese crypto exchanges have very high transactional traffic.
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