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    Home » Research: Russia ranked second in the world in the number of cryptocurrency traders

    Research: Russia ranked second in the world in the number of cryptocurrency traders

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    By BlockchainJournal on December 5, 2018 News
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    Specialists of the Belarusian marketing agency BDCenter analyzed 30 of the most popular cryptocurrency exchanges and came to the conclusion that the largest number of users of these platforms is based in the USA, Russia and China. The fourth and fifth place in the number of crypto traders took Vietnam and Turkey.

    Binance, Okex, Huobi, Bitfinex, Upbit, Zb.com, Hitbtc, Coinbase, Kraken, Bitstamp, Bittrex, Gate, Poloniex, Gemini, Coinsbank and other exchanges have fallen under the scope of analysts.

    BDCenter data show that the average age of a trader in China is 20-30 years, in the USA – 30 years. In Russia, 50% of traders are between 25 and 40 years old, and 30% are between 18 and 25 years old.

    Analysts also cite data from the Japanese Financial Services Agency (FSA) for April. FSA statistics show that there are more than 3.5 million cryptocurrency traders in Japan. Most of them are men aged 20 to 30 years.

    It is noted that 50% of users of exchanges have completed higher education – economic or mathematical. According to a study of the eToro platform for 2017, 82% of traders are beginners, 11% are traders with an average level of experience, and only 7% are advanced.

    “All the exchanges have more than 70% of traders – men. The exception is exx.com, where the percentage of female audience is higher and amounts to 52.67%, ”the report says.

    The specialists also found out that the most expensive crypto-money listing price is on Huobi ($ 3.5 million), Bibox and Binance ($ 1 million each). The most popular listing cost is 10 BTC. 13 out of 30 exchanges have their own token, the report says.

    Recall, according to a study by OK Blockchain Capital, about 25.47% of investors suffered “big losses” in September.

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