May 30, 2019, 1:00PM EDT
• 3 min read

Analysis: Singapore, South Korea, Switzerland top list in relative cryptocurrency popularity

Quick Take

  • The Block has analyzed the website traffic of the 48 most frequently used cryptocurrency exchanges over the period of 6 months
  • About half of the total traffic in the last six months came from just five countries — United States, Japan, South Korea, Indonesia, and India
  • What’s far more interesting, though, is to look at each country’s traffic relative to its population
  • Singapore, South Korea and Switzerland have the highest cryptocurrency interest relative to population
  • There is a positive linear relationship between GDP per capita (PPP) and traffic weighted by population, which suggests that poorer countries are not trading cryptocurrencies as much as wealthier countries

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