There are many metrics to ascertain the popularity of bitcoin and cryptocurrency trading in different geographic regions across the world. One of them is the most traded fiat currencies chart which has revealed some interesting results.
Asia Still Big on Bitcoin
Unsurprisingly the US dollar was the top traded fiat currency according to statistics from Coinhills.com. With 64% of the 450,000 or so, BTC traded every day in USD, the greenback is the clear winner. This is not to say that America is necessarily the top country since many international exchanges offer trading pairs in USD. Bank accounts in USD are also popular across the world as it is currently the world’s dominant currency.
The second most popular fiat currency used to trade bitcoin is the Japanese yen. Japan alone has over 22% of the total trade since yen pairs are not likely to be offered outside the island nation. Crypto trading and adoption is big in Japan which has a very pro-active government and a solid regulatory framework. In this respect, the US is…