By Scott Galbraith
The two lands in the world, according to a recent Huobi review, have the “most mature” crypto markets. According to a recent report, the countries with the greatest “cryptocurrency adoption” this year will be the United States and Vietnam.
The top crypto-country is the US
Despite only being utilized by thirteen percent of US citizens, the crypto in this country generates the highest trading level.
The US will have the most well-developed crypto marketplace in 2022, according to the most recent data gathered by exchange Huobi.
This may surprise some investors, but no matter the year-long decline in the value of BTC and other cryptocurrencies, the involvement of the investors is still “extremely active” globally.
According to the most recent yearly market analysis from Huobi, 92% of all trading volume on centered trading platforms worldwide is conducted in the United States. This percentage is even higher in DeFi, at 31.8% of the total trading volume.
The Asian crypto sector
However, compared to some other countries, fewer people in this country use cryptocurrencies. Compared to Vietnam’s 20.3 percent, statistics show that 13.7 percent of Americans use cryptocurrencies.
Of the 15 nations surveyed, it was first. Chart displaying the growth of the cryptocurrency market.
Nevertheless, the US outperformed all of its rivals with the biggest value for the adoption of crypto in the world. Vietnam comes in second place on the list with a value of thirty-five, followed by the US with a score of 91.
However, Huobi notes that the Asian country has the greatest level of crypto widespread and usage and that South Korea and Japan both have “very active” cryptocurrency trading scenes.
Regulations that are appropriate, might be able to prevent the repeating of the situation with FTX. In the meantime, the report admits that the regulative environment for cryptocurrencies is precarious in light of the FTX bankruptcy and its consequences.
But according to them, the Terra fiasco and the bankruptcy of Three Arrows Capital (3AC) are more imminent, making FTX this year’s biggest crypto disaster.