Crypto trading has taken a toll on the entire market at present times. Every other investor is interested in this market and the huge amount of craze for the same proves this. And, now the term Crypto maturity is revolving in this industry. For more detail about quantum ai click the link such as this platform.
As per the latest report, the two nations to top this term are Vietnam and the US. This revelation is quite interesting and brings out a bigger picture of the Crypto space. Let’s see how these countries have their names at the top of the list in terms of Crypto maturity!
Huobi Shares The Report
Cryptocurrencies are a good option for investment in recent times. In the US, about 13.7% of the citizens hold Bitcoin or Cryptocurrency as a whole.
Though this number may seem quite small, their contribution to the exchange volume is the highest. These portions of people from America are generating higher exchange value than the rest of the world!
Huobi made a compilation of data on this aspect. This exchange says that as per the data collected last year, the US is more mature in terms of Cryptos. The entire Crypto community in the US is matured in comparison to other nations.
The Chart Of The Nations That Tops In This List
There has been a decline in the sales of Cryptocurrency around the world. The prices of Bitcoin or other Crypto like Altcoins, are also declining to a considerable extent.
But this fact cannot cover the reality that the interest among the investor class is still pretty active. Though it may seem surprising for the leaders of the market, it is indeed the reality.
Reports That Reveal The Data
Huobi, which is a Cryptocurrency exchange firm, carried out this study. On revealing the data, it can be seen that the US tops the list in terms of Crypto maturity.
You can see in the data that the US contributes around 9.2% of your total volumes in the global CEXs. And in the case of DeFi, the US has an even higher amount, which is 31.8% on the international scale.
But if you observe the total population using digital currencies, you will be shocked! The numbers do not match the exchange volume. Also, the amount of people using Crypto is pretty low in comparison to other countries.
The amount of people using Crypto in the US stands at about 13.7%. And Vietnam is following the steps of the US, as it has 20.3% of its population uses Crypto. These two nations are now stepping out as the Crypto leaders in this industry, as compared to fifteen other nations.
The US Is The Highest Scorer, and Vietnam Follows
When the data for Cryptocurrency market maturity was collected, it was found that the US tops the list with a score of 91.9. With this score, this nation becomes the biggest scorer as a Crypto mature state. Vietnam stands second on the list with a total score of 35!
Despite being in the second position, there is wide acceptance of Cryptocurrency in Vietnam. The adoption rate of digital currencies is quite high in this nation. Apart from these two top nations, Japan and South Korea are pretty active in terms of Cryptocurrency.
Huobi’s report mentions that South Korea and Japan are offering the highest amount of traffic to the Crypto exchanges. With 7.4%, South Korea is in the second position and Japan has a rate of 3.85%.
Low Crypto Maturity Scores
The nations with the lowest scores in this list are also released. China with 5.9, Singapore with 9.4, and South Korea with 14.5 are the lowest scorers as Crypto mature nations.
Despite the presence of strict restrictions, Singapore has an openness to Cryptocurrency and its growth as a technology. For entrepreneurs as well, this nation is one of the best destinations for tech startups. Crypto falls in a similar category and can develop in this country.
Conclusion
Apart from revealing the scores, the report also highlights the importance of regulations for the Crypto industry. The regulatory bodies will help in preventing similar situations like that of the FTX collapse.
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