International Bitcoin Flows Analytics Map from Crystal Blockchain

Below is an interactive map showing the current and historical international flow of bitcoin between countries and cryptocurrency exchanges. This map is based on the International Bitcoin Flows Analytics Report that was created by the Crystal Blockchain analytics team in October 2020. The information on this map is updated quarterly, and bitcoin prices are in US dollars.

Select a time period and country below to explore its bitcoin flows:

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Last database update: Oct 01, 2020
Summary of Findings
  • By the end of Q1 - Q3 2020, the countries with the largest number of registered exchanges were the UK (53 exchanges), Hong Kong (25 exchanges), Singapore (32 exchanges), and the US (29 exchanges).
  • Mexico (3 exchanges), Argentina (3 exchanges), Russia (2 exchanges), and Indonesia (2 exchanges) have the fewest exchanges registered among the G20 countries.
  • Nearly 16% of all exchanges surveyed do not have countries of registration, or this information is not publicly available.
  • In 2013, 91% of all bitcoin transferred between exchanges was sent by exchanges from the G20. By Q1 - Q3 2020 the volume of these transactions decreased to 42% .
  • In Q1 - Q3 2019, the total volume of bitcoin directly transferred between exchanges was $40.4 billion. That’s 78% of the almost $51.6 billion transferred in all of 2019.
  • Thus, far in Q1 - Q3 2020, the total volume of bitcoin directly transferred between exchanges was almost $59.8 billion, an increase of 48% from the same period a year ago.
  • 42% of the volume moved between exchanges in 2020 was transferred by G20 countries, while Seychelles transferred about 41% of the total volume of bitcoin exchanges in Q1 - Q3 2020. This volume is majoritively made up of transactions related to Binance and Huobi exchanges.
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