The crypto market in August almost repeats the whole summer period. We do expect changes in autumn, when all the citizens will return to Tbilisi, and the number of tourists will slightly decrease at the same time.

Date: September 2, 2024

Metrics: 4

Study Period: August 1, 2024 to August 31, 2024

August research at AllTrust.me shows a little excess of the crypto buyers over sellers:

52.3% bought USDT

47.7% sold USDT

The whole summer numbers are almost the same:

52.4% bought USDT

47.6% sold USDT

USDT remains the most attractive option for transferring funds across the border.

Also, USD keeps its leadership for cash-out all the summer. In August:

94.3% 👉 USD

5.7% 👉 GEL

Distribution of preferred currencies is almost the same as in July.

USD is preferred for fiat conversions due to its stability.

We’re here to share insights with you all year long. Stay tuned.

As the largest crypto exchange in the country, AllTrust.me's findings likely reflect national patterns.

Influence trends – exchange with us.