7 Countries Leading In Bitcoin Trade
Cryptocurrencies including Bitcoin, Ethereum are growing rapidly than ever before. Today, all our business activities, even our everyday lives have shifted to digital mode. So, now people are thinking why can’t they make payments and do trading through digital currency. In fact, some countries have already adopted cryptocurrencies as a method of payment and even allow their people to trade in cryptocurrencies Many people are interested in using Bitcoins. Such people may read the bitcoin kaufen paypal deutschland blog to find the best method to buy Bitcoins with PayPal. So, do you know which all countries are prominent in Bitcoin trading? Let’s look at the countries that trade the most Bitcoin.
India – The country has managed to earn one of the top-ranking positions in cryptocurrency trading. It has now become one of the largest cryptocurrency markets in Asia and it also growing expeditiously. India has its own 15 exchange platforms.. Trade association Nasscom reports that, By 2030, more Indians are likely to invest over and above $10 billion in cryptocurrency.
The USA – The USA has already started adopting Bitcoin as a payment method a long time ago. Moreover, MasterCard and Bank of New York expanded this adoption by letting users trade some cryptocurrencies. The good news is that you can now pay with Bitcoins in major companies like Subway, Microsoft Store, etc.
Vietnam – As per the Global Crypto Adoption Index, Vietnam is one of the countries with the highest crypto ownership rate. In Vietnam, cryptocurrencies are largely purchased as an investment tool.
Pakistan – As per a study conducted by the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) inhabitants of Pakistan owned $20 billion in digital assets in the year 2020-21, making it one of the powerful cryptocurrency markets.
Nigeria – Nigeria is among the top countries for using digital assets the most. The reason for this is in Nigeria the cost of sending money across borders is comparatively higher than in any other country. By adopting cryptocurrencies, the government aims to provide relief to the people of Nigeria from the high costs they have to incur for sending the money. Another reason for the wide adoption of cryptocurrencies is the convenience and benefit it offers.
Ukraine – As per the Global Crypto Adoption Index, Ukrain managed to gain the fourth position among the countries adopting cryptocurrency.
Kenya – Kenya has become one of the top countries in using Bitcoin. Even though cryptocurrencies in Kenya are not regulated by their government, these digital assets have been widely accepted and leveraged by the internet community.
Cryptocurrencies have taken the world of finance by storm. Today, many people are competing to buy cryptocurrencies. In fact, there are many more countries, outside this given list have already accepted cryptocurrency as a payment method. In addition to that, some of these countries have already legalized the trading in cryptocurrency. Bitcoin’s story will continue to exist as more and more people are showing interest in investing and trading cryptos. Another reason is that it is very easy and cost-effective to transact Bitcoin. As mentioned above, the transformation of daily life and business activities to a digital model is also one of the reasons why cryptocurrencies are becoming more important today. Now, people are aware that cryptography is persistent and will go on to remain in the market for more than a period of 100 years.