South Korea, Singapore, Switzerland, and Venezuela 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 South Korea, Singapore, Switzerland, and Venezuela have the highest cryptocurrency interest relative to its population. In absolute terms, the U.S. leads the pack with 18.4% of the total traffic, followed by South Korea (11.4%), Japan (8.5%), India (4.7%), Indonesia (4.3%), and Mexico (3.2%).