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Bitcoin (BTC) trading volume in the UK 2013-2021, per week

Bitcoin transactions from the UK grew steadily during 2020, as the cryptocurrency's price gathered pace, but did were not nearly as high as in late 2017. This conclusion reveals itself after investigating Bitcoin trading volume against domestic currencies used for the transaction of the virtual currency. The United Kingdom ranks as one of the countries with the most Bitcoin trading in the world in 2020.

It should be noted that the source believes the domestic currencies are mainly used by the domestic population: it assumes UK residents are the only ones who make transactions with British pounds. Whether this assumption is right or not, cannot be verified here. Also, the source does not explain the big difference between 2017 and 2021, or whether the high trading volume in 2017 was tied to a specific event.

Bitcoin trading volume on online exchanges in the United Kingdom from March 16, 2013 to January 9, 2021

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Sources

Release date

January 2021

Region

United Kingdom

Survey time period

March 16, 2013 to January 9, 2021

Supplementary notes

The figures provided have been compiled by Statista from three different traders: LocalBitcoins, Paxful, and Bisq. Dramatic changes from one week to the next might be attributed to one of these traders providing lower figures than in a previous week.

The majority of figures were reported on Saturday, the end of the regular trading week. Occasionally, however, figures might be reported on a Friday or other day of the week. The source does not specify why this occurred.

The figures were originally reported in the domestic currency, and Statista converted these to U.S. dollars to allow for easy comparison between various countries. When figures were gathered on a Saturday - which was the case for most of the figures - the closing exchange rate from the previous Friday was used.

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