August 1, 2018

The World’s Top 5 Bitcoin Cities Supported by Coindirect

Bitcoin cities

Bitcoin took a bull run to its heels over the last few months. Still, it remains at a high-top level of interest across the world nonetheless.

Many cryptocurrency vendors and businesses have been trying to disrupt the industry with new, unexpected technological developments and crypto innovations. Many blockchain and trading experts also believe that Bitcoin and its underlying blockchain AI is here to stay regardless of its volatile market. And so, the cycle of buying and selling Bitcoin on exchanges and peer-to-peer marketplaces continues, along with the pioneering of cryptocurrency establishments.

The Bitcoin (BTC) trade war

Cryptocurrency is decentralised and borderless, and the United States is not the only crypto hotspot in the world. The East Asian market has taken a highbrow interest in Bitcoin. In fact, the most recent Bitcoin price surge has led many crypto investors to believe that the rise was caused by Asian Markets.

According to eToro’s Mati Greenspan and ADVFN’s Clem Chambers, the BTC spike can be seen as a result of:

  1. An exceptional increase above $8000 in the digital coin’s trading volume in Japanese Yen and the Korea Won.
  2. Chinese investors are trying to secure their BTC funds by buying Bitcoin in preparation of yuan currency’s depreciation.

Yet still and all, Bitcoin is predicted to remain in an upward spiral taking into account the US market’s BTC crypto trade standoff with China. But, many governments across the world has assorted opinions on the adoption of Bitcoin. Some are open to providing the digital currency and Bitcoin vendors with a warm welcome, while others are not as boosterish as Silicon Valley; ‘hodling’ on to their centralised banking systems.

Top Bitcoin and cryptocurrency business cities

Here are the world’s largest Bitcoin-vendor cities – according to Forbes and based on Coinmap – in which Coindirect’s Exchange, Peer-To-Peer Marketplace and Wallet services are also available.

Position Bitcoin Hubs Number of Crypto Businesses
1 Madrid, Spain 101
2 Amsterdam, Netherlands 88
3 Vancouver, Canada 86
4 London, United Kingdom 85
5 Paris, France 82

Emerging cryptocurrency and Bitcoin markets

With the lack of banking integration, credit card penetration and issues of remittance, many people in emerging third-world markets such as in Africa have to pay high cross-border charges brought by fiat transfers.

Despite advancements in emerging cryptocurrency markets around the world, many peer-to-peer marketplaces only support Bitcoin. Options to buy and sell Bitcoin, Ethereum, Tether, Ripple, Litecoin, Dash and Bitcoin Cash using local payment methods are also remarkably limited.

Coindirect has filled these gaps in 25 countries, including South Africa, Nigeria, Kenya, Ghana, United Kingdom, France, Canada, Netherlands, Spain, Australia, New Zealand, Singapore, Saudi Arabia, Malaysia, India, Pakistan and the United Arab Emirates; and we plan to launch in 10 more markets soon.

This, essentially, means that:

  • Crypto holders can use our Peer-To-Peer Marketplace to buy and sell Bitcoin and altcoins directly to local buyers and sellers using their most convenient local payment method without incurring conversion fees.
  • Our Cryptocurrency Wallet can then be used to buy, sell, send and receive over 40 coins.
  • In the meantime, traders can opt to trade 15 ZAR, USDT, BTC, ETH, XRP, LTC and BCH trading pairs on our Cryptocurrency Exchange.
  • Become a Coindirect Vendor and make a living from selling coins on our peer-to-peer marketplace. Set your own prices, work your own hours and be part of the revolution.

We’ve just launched 
Africa’s biggest Crypto Exchange! Access our end-to-end integrated platform and #OwnTheFuture with Coindirect.