South America-based exchange volume continues positive trajectory

South America continues to show positive growth month-to-month as exchange volume increases to a total of $8.35 billion.

Customer exchange volume in January 2022 by continent:

• Asia: $606.25B
• North America: $85.14B
• Europe: $21.25B
• South America: $8.35B

Exchange volume by region per month is an important metric for several reasons:

1. Market activity: Exchange volume gives an indication of the level of market activity and interest in a particular region.
2. Market size: Exchange volume can be used to estimate the size of the market in a specific region and to compare it with other markets.
3. Trading opportunities: High exchange volume can indicate increased trading opportunities and liquidity in a region.
4. Investment decisions: The exchange volume of a region can be used as a factor in making investment decisions, as regions with high volume may be seen as more attractive investment destinations.
5. Market trends: Changes in exchange volume can provide insight into market trends and market sentiment in a specific region.

The region’s growth is being led by BTSE, a British Virgin Islands-based exchange founded by Jonathan Leong in 2018.

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Source: https://cryptoslate.com/south-america-based-exchange-volume-continues-positive-trajectory/