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    Author Topic: Fourth Largest Crypto Market Worldwide  (Read 313 times)

    • koinforum (OP)
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    August 18, 2024, 04:19:01 PM
     #1
    Turkey has solidified its place as a major player in the cryptocurrency market. Turkey has become the fourth largest crypto market in the world with an estimated $170 billion trading volume, leaving many important markets behind with this success.

    According to Chainalysis, Turkey is the fourth largest crypto market in the world with an estimated $170 billion trading volume.

    With this volume, Turkey has surpassed important markets such as Russia, Canada, Vietnam, Thailand and Germany.

    Source: Kripto Haber

  • ChiBitCTy
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    August 18, 2024, 05:45:34 PM
     #2
    I'm not sure "largest crypto market" can be quantified in just one way..though I guess if you're just wanting to look at it from a trading volume,..but that perhaps is short sided ?   I dunno tho..asking while thinking out loud.

    Who would be the other 3?  The US of course.  I feel like Amsterdam/Netherlands has to be up there just in terms of % of citizens who own bitcoin..Australia, Canada, ummm??

    Turkey is shocking to me, as number 4 trading wise.  Never woulda guessed.
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  • PrivacyG
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    August 18, 2024, 07:02:38 PM
     #3
    Quote from: koinforum on August 18, 2024, 04:19:01 PM
    According to Chainalysis, Turkey is the fourth largest crypto market in the world with an estimated $170 billion trading volume.
    Does it qualify as the 'fourth largest Crypto Market' if only a handful of people are Trading Cryptocurrency in a Country with enormous Total Volume while another Country has many Traders with little Total Volume?

    I am not implying that Turkey is in this situation but I do think this is not the way to calculate which is the largest Cryptocurrency Market.  Corrupt Politicians can wager many Billions, increasing the volume of Trades significantly.
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