According to a new analysis, cryptocurrency exchange FTX Collapse is South Korea, Singapore, and Japan. In addition, Russia, Germany, Turkey, Taiwan, India, Egypt, and Brazil also ranked among the top 10 countries most affected by the FTX meltdown.
Countries most affected by FTX failure
South Korea, Singapore, and Japan were most affected by the collapse of cryptocurrency exchange FTX. Top countries that have receivedby Coingecko, published Thursday. The study looks at FTX.com monthly unique visitors and traffic by country based on Similarweb data from January to October. The cryptocurrency exchange filed for Chapter 11 bankruptcy on November 11.
Analysis shows that South Korea is the most affected by her FTX, with an average of 297,229 unique His users visiting her FTX.com per month. This accounted for his 6.1% of website traffic.
Singapore was the next most impacted country, with 241,675 unique visitors to her FTX website each month. That’s 5% of the world’s site traffic. When Binance closed its operations in Singapore last December, Binance users reportedly switched to his FTX.
The third most affected country is Japan, with 223,513 unique users visiting his FTX website each month, accounting for his 4.6% of website traffic. Earlier this year, Japanese conglomerate SoftBank invested $100 million in FTX.
In addition to his three aforementioned countries, Russia, Germany, Turkey, Taiwan, India, Egypt and Brazil are also in the top ten. Ranked in. Affected by the FTX meltdown. According to analysis, he had only 92,935 FTX site visitors from the US. However, it does not include traffic to his FTX US, which uses a different domain.
FTX is currently under investigation in various countries. In the United States, the Department of Justice (DOJ), Securities and Exchange Commission (SEC), and Commodity Futures Trading Commission (CFTC) are investigating exchanges that mishandled customer funds. Turkey’s financial intelligence agency launched an investigation into FTX last week. The Bahamas Securities Commission is about to seize FTX’s cryptocurrency.
His new FTX CEO John J. Ray III, who succeeded Sam Bankman-Fried after filing for bankruptcy, said last week: There is a complete lack of reliable financial information like what happened here.
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