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

Given the pseudo-anonymous nature of cryptocurrencies, it’s nearly impossible to accurately estimate how many people use them and where they are located. However, by looking at the traffic on cryptocurrency exchanges, we can get a directionally accurate representation of which countries are using cryptocurrencies the most.

According to The Block’s findings, Singapore, South Korea, and Switzerland have the highest cryptocurrency interest relative to population. In absolute terms, the U.S. leads the pack with 24.5% of the total traffic, followed by Japan (10%), South Korea (6.5%), Indonesia (4.5%) and India (4.2%).