Ukraine among top 10 countries by the number of cryptocurrency users

Ukraine ranks among the world’s ten leading countries by the number of crypto-owners, according to the ‘Better Regulation Delivery Office’ (BRDO). The latter is an NGO which “tackles issues of the regulatory environment in order to eliminate barriers for business and boost economic growth in Ukraine.”

The daily traded value of cryptocurrencies sold and purchased using hryvnia amounts to $1.9 million. The three main exchanges working with the Ukrainian national currency are Exmo ($1.275 million), Kuna ($403,000) and BTC TRADE UA ($232,000), reports local tech blog AIN.UA.

The BRDO also notes that, in 2017-2018, Ukrainian or Ukrainian-founded companies launched no less than 25 cryptocurrencies, while the amount of funding raised via ICO totaled the equivalent of $99 million (see more details in EWDN’s recent report on the CEE ICO market).

Meanwhile, the amount of cryptocurrency mining exceeds $100 million annually.

Backed by the EU, the BRDO seeks to simplify regulation in six economic sectors: construction, IT and telecommunications, energy, agriculture, transport and infrastructure, market surveillance and control.

Topics: Blockchain, Cryptocurrencies, Finance, ICOs, News, Payments & fintech
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