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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
Footnotes
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