Bitcoin Trading Volume Increased from $15 Billion to $23 Billion Last Year

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February 3, 2015

Bitpay just sent us their smoking fresh infographic summoning up the year 2014 for Bitcoin. While the most discussed topic was the bitcoin price, there were clearly a lot more happening in 2014.

One of the most intriguing facts is the astounding growth of the bitcoin trading volume. It has increased from $15 billion in 2013 to $23 billion in 2014, a whopping 57% increase. While the amount of active wallets have increased to 7.95 million.

Bitpay writes:

With the first month of January coming to a close, BitPay have gathered key statistics on the use of bitcoin in 2014 in the shape of an infographic. Unsurprisingly the US stood firm as the backbone of global bitcoin transactions, however central European countries such as the UK, Germany and the Netherlands have made their way into the top five as European countries continue to widely adopt the cryptocurrency. Statistics show that BitPay were the driving force behind bitcoin this year, processing over 53% of all merchant transactions, as the world reached a landmark 100,000 bitcoin merchants in December. Bitcoin was on-boarded by the likes of Microsoft, Shopify and Expedia all throughout last year but according to BitPay there’s even bigger deals to come in 2015. Payment giants Xsolla and Xbox Live have bought into the cryptocurrency and have even bigger plans to include bitcoin into their revenue streams this year.

 

Last modified (UTC): February 3, 2015 13:43

Tags: bitpay