Topic: CNY and JPY have enjoyed 90% share of trading market - page 2. (Read 1277 times)
It doesn't surprise me at all that one of the most technologically advanced countries and the biggest country in the world do a lot of the trading with one of the most innovative and disruptive assets on the internet right now. Having them be doing 90% of the trading makes sense, especially when you consider a lot of who you'd expect to be doing the trading.
It's not something a small thing ", I think this is just based on the amount of transactions carried out in the form of bitcoin into the currency of each country. This is not a problem for the life of the bitcoin, which would be growth problems is bitcoin going forward. Because if bitcoin only gives the impression, then growth will be stunted bitcoin
i don't know much about the JPY markets but the CNY markets especially in okcoin has always been a hot market with a massive volume, which can be partly fake volume partly because of the zero fee rule of that exchange which lets you be more active with your trades and also their price swings are greater than price swing of BTC/USD which makes a bigger volume too.
i the world real curency dollar still dominated in market trading in fiat money
but in trading bitcoin the first and dominan market is CNY
you can see volume transcation in huobi and okcoin in coinmarketcap, pair CNY/BTC is dominan high volume transaction
but in trading bitcoin the first and dominan market is CNY
you can see volume transcation in huobi and okcoin in coinmarketcap, pair CNY/BTC is dominan high volume transaction
i have never heard of that site before so i always check the coinsmarketcap and i always see the Chinese exchanges at the bottom (excluded volume) from the total volume and they have mad volume each day.
it is because of the 0 fee!
it is because of the 0 fee!
something interesting here https://www.coinhills.com/market/currency/
it turned out that the USD is a small currency in Bitcoin world.
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