Some of you might have been wondering how you and your fellow countrymen compare to users of the ICONOMI platform from other countries. We’re here to answer some questions by providing you the first of hopefully many insights into the performance and returns of our users.
We will begin with a short methodological explanation. We have compared the 100 most-represented countries and analyzed data for the period January - May 2019. Ok, now that’s done and dusted, let’s get into the meat of the matter.
First of all, crypto has been kind to investors in 2019. So much so that the “worst performing” country from our top 100 list (which, as common courtesy dictates, shall of course remain unnamed 😉) has fared considerably better than traditional financial markets. Don’t believe us? Here is the data:
Who were the best performers?
Close your eyes and name a country you think outperformed all others in the first five months of 2019. 3, 2, 1, go! Whatever it is, you are most likely wrong. Because our best performing users come from… drumroll, please… Japan! 🇯🇵 Apparently, in addition to being the undisputed masters of sushi, these guys also know their way around crypto investing!
Oh yes, and the average return of an ICONOMI Japanese user? A mind-blowing 106,8%! For comparison, the average user from the country with the biggest number of users (Slovenia 🇸🇮) achieved a 91,9% return.
Since we’re not that into competitions and podiums, we’ll note the best performing country by continent to spread some more love:
- Africa: Nigeria 🇳🇬 (104,3% gain)
- Asia: Japan 🇯🇵 (you already know the return)
- Europe: Norway 🇳🇴 (103,7% gain)
- North America: Mexico 🇲🇽 (93,1% gain)
- South America: Brazil 🇧🇷 (102,0% gain)
Last but not least, the battle between the Aussies and Kiwis in the first five months of 2019 goes to our lovely users from New Zealand with a 96,6% return. Who would have thought, not only are they the masters of rugby (go, All Blacks!), they also know a thing or two about earning an extra dollar from crypto. Good as gold! Well, much, much better, actually. 🇳🇿
Which are the most represented countries?
The top 10 countries with the biggest number of users are Slovenia 🇸🇮, the Netherlands 🇳🇱, Germany 🇩🇪, UK 🇬🇧, France 🇫🇷, Spain 🇪🇸, Australia 🇦🇺, Italy 🇮🇹, Belgium 🇧🇪, and South Africa 🇿🇦.
Since European users have a slight advantage due to easier EUR deposits, let’s take a look at the returns achieved by the top 5 European countries:
- Norway 🇳🇴 (103,7% gain)
- Hungary 🇭🇺 (101,7% gain)
- UK 🇬🇧 (94,7% gain)
- Portugal 🇵🇹 (94,6% gain)
- Croatia 🇭🇷 (94,5% gain)
Would you like to know more?
As this is the first (but hopefully not the last) time we are doing this, we would leave you with the above information for now. However, if there is some other data you would like us to dig up and show you, please drop us a line on social media or write to our support and we will see what we can do. Until next time!