Coinbase Crypto Exchange Tops Binance, Bittrex and Bitfinex with Largest US Number of Traders

2019-2-6 23:25

Coinbase, one of the largest cryptocurrency exchanges in the whole crypto space, is the platform with the largest number of US users. According to data provided by DataLight, Coinbase has 8.5 million users from the United States.

That represents 60.14 percent of the total number of users in the platform. Meanwhile, Binance, one of the largest digital asset exchanges in terms of trading volume has 3.3 million users from the North American country.

The study released by DataLight takes into account four crypto exchanges, Coinbase, Binance, Bittrex and Bitfinex. Indeed, Coinbase is the leading exchange in terms of users from the United States and the United Kingdom. Users from the UK represent 7.14 percent of the total number of individuals in the platform.

Binance is the exchange with the largest number of users from other countries other than the US, Russia and Turkey. It has 8,864,600 users from other countries.

Crypto traders from the US are the most active across the majority of the exchanges except for @bitfinex, which also has the most even geographical distribution of traders. pic.twitter.com/haxoUP6N57

— DataLight (@DataLightMe) February 4, 2019

Binance has also a large community from other countries. Although it has 24.16 percent of users from the United States, 6.01 percent comes from Russia and 5.05 percent from Turkey. Meanwhile, Bitfinex’s largest community of users comes from Germany, accounting for 13.45 percent. Additionally, it has 10.72 percent of traders from the United States.

Bittrex has also a large portion of its users from the United States, 27.63 percent, followed by India and Italy with 6.79 and 5.27 percent respectively.

Cryptocurrency exchanges have been affected by a very hard bear market during the last year. Trading volumes have been reducing throughout 2018 and some of these platforms are starting to list new tokens to attract new users.

It is also important to mark that these exchanges do not have users from China due to the ban that the government implemented to virtual currencies and crypto exchanges back in 2017.

According to CoinMarketCap, Binance is the is the largest digital asset exchange with a trading volume of $765 million in the last 24 hours.

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