The most impacted country by FTX’s collapse is South Korea, with the country witnessing the highest traffic share of 6.1% on the exchange, representing 297,229 unique users on average visiting the exchange per month. In third place, Japan represents 223,513 monthly average unique users visiting FTX and 4.6% of the exchange’s global traffic share.
Singapore is one of the hardest hit countries by the recent fall of the second largest cryptocurrency exchange FTX, along with other countries such as South Korea and Japan, according to data from crypto analytics firm CoinGecko.
Singapore makes up 5% of FTX’s global traffic with 241,675 monthly average unique users on the exchange and is the second most impacted country by the exchange’s demise. In recent times, Singapore state holding investment company Temasek also wrote off their US$275 million ($379 million) investment in FTX.
