Topic: Brazilian Exchanges in 2014: a market analysis (Read 530 times)
Looks good. There are certainly rooms for more growth and it shows progressive adoption of bitcoin in other parts of the world. Hope to see the trend continues.
In a nutshell, trade volume was around US$ 16.7M/yr with a volume greater than 31K BTCs.
It may be a drop in the ocean compared to other markets (USD, EUR or China) but it shows signs of continual growth over the last 6 months.
Yeah and thats over a brutal year long bear market, imagine what the volume would be on an uptrend.
Thanks for sharing. Interesting read.
The volume is indeed very low, but that only means there's a lot of room for growth. Hope BTC will get some more attention.
Found some article from October explaining problems with adoption in Brazil:
http://www.coindesk.com/brazil-bitcoin-market-ignite/
The volume is indeed very low, but that only means there's a lot of room for growth. Hope BTC will get some more attention.
Found some article from October explaining problems with adoption in Brazil:
http://www.coindesk.com/brazil-bitcoin-market-ignite/
thx for the info 
I've created a report on the status of the Brazilian Market and it's largest exchanges.
In a nutshell, trade volume was around US$ 16.7M/yr with a volume greater than 31K BTCs.
It may be a drop in the ocean compared to other markets (USD, EUR or China) but it shows signs of continual growth over the last 6 months.
Quick view:
(large image: https://i.imgur.com/4gha3Ui.png)
PDF download (English): http://bitbolsa.tk/BitBolsa_2014_BRMarket_en.pdf
PDF download (Portuguese): http://bitbolsa.tk/BitBolsa_2014_BRMarket_pt.pdf
In a nutshell, trade volume was around US$ 16.7M/yr with a volume greater than 31K BTCs.
It may be a drop in the ocean compared to other markets (USD, EUR or China) but it shows signs of continual growth over the last 6 months.
Quick view:
(large image: https://i.imgur.com/4gha3Ui.png)
PDF download (English): http://bitbolsa.tk/BitBolsa_2014_BRMarket_en.pdf
PDF download (Portuguese): http://bitbolsa.tk/BitBolsa_2014_BRMarket_pt.pdf
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