China still huge - 3 biggest exchanges in volume last 24 hours are Chinese

TERA

hero member

Activity: 728

Merit: 500

What the F!! I thought we were done with China. I wanted to see a natural recovery by OUR exchanges. Please just GTFO China. Good riddens!

GigaCoin

sr. member

Activity: 308

Merit: 251

Giga

At the moment i'm suspicious of the Chinese volumes with the recent news and evidence of volume manipulation, hopefully in the coming weeks if more data is leaked things will be more clear.

granathus

full member

Activity: 294

Merit: 100

Quote from: jl2012 on December 23, 2013, 11:26:46 AM

Quote from: granathus on December 23, 2013, 11:17:33 AM

http://btckan.com/price shows that current ranking of Bitcoin exchanges by volume is:

1. huobi.com
2. chbtc.com
3. fxbtc.com
4. btc-e.com
5. Stamp
6. Gox
7. Btctrade.com
8. btcchina.com

So, top 3 is Chinese, and 5 of 8 are Chinese. From what I understand, they are bypassing the deposit problem by using non-corporate account to receive funds.

I hadn't even heard of any of the Chinese exchanges apart from BTCChina. Is this news to more people than me?

Don't pay too much attention to volume in Chinese markets. They have many tricks to boost the volume. huobi.com and chbtc.com charges no fee. okcoin.com simply fakes volume: http://www.coindesk.com/chinese-bitcoin-exchange-okcoin-accused-faking-trading-data/

I don't think it's fair or wise to think that all Chinese exchanges fake their trade data because OKCoin did. Also, not charging a fee isn't really relevant here. For me, these volumes coming out of China right now, is very bullish news. If the Chinese government was serious about shutting down the exchanges, we wouldn't see these volumes right now.

accord01

full member

Activity: 238

Merit: 100

According to China, China is the #1 country in the world in everything.

jl2012

legendary

Activity: 1792

Merit: 1111

Quote from: granathus on December 23, 2013, 11:17:33 AM

http://btckan.com/price shows that current ranking of Bitcoin exchanges by volume is:

1. huobi.com
2. chbtc.com
3. fxbtc.com
4. btc-e.com
5. Stamp
6. Gox
7. Btctrade.com
8. btcchina.com

So, top 3 is Chinese, and 5 of 8 are Chinese. From what I understand, they are bypassing the deposit problem by using non-corporate account to receive funds.

I hadn't even heard of any of the Chinese exchanges apart from BTCChina. Is this news to more people than me?

Don't pay too much attention to volume in Chinese markets. They have many tricks to boost the volume. huobi.com and chbtc.com charges no fee. okcoin.com simply fakes volume: http://www.coindesk.com/chinese-bitcoin-exchange-okcoin-accused-faking-trading-data/

Dalmar

hero member

Activity: 1106

Merit: 500

Life is short, practice empathy in your life

People are skeptical of Chinese BTC exchange volume numbers because of the recent OKCoin fraud. Most of the other ones could be similarly fraudulent.

Btcchina is the most legit one, and their volumes are really low compared to the past.

granathus

full member

Activity: 294

Merit: 100

http://btckan.com/price shows that current ranking of Bitcoin exchanges by volume is:

1. huobi.com
2. chbtc.com
3. fxbtc.com
4. btc-e.com
5. Stamp
6. Gox
7. Btctrade.com
8. btcchina.com

So, top 3 is Chinese, and 5 of 8 are Chinese. From what I understand, they are bypassing the deposit problem by using non-corporate account to receive funds.

I hadn't even heard of any of the Chinese exchanges apart from BTCChina. Is this news to more people than me?

Topic: China still huge - 3 biggest exchanges in volume last 24 hours are Chinese (Read 2789 times)