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Topic: Coinbase is now the biggest western exchange after asia... - page 2. (Read 2421 times)

jr. member
Activity: 59
Merit: 10

I think it'll climb up rapidly especially as bitcoin adoption grows in America. What I want to know is why are all the biggest exchanges Chinese?


There are lots of miners there. Also those exchanges are zero fee so they'll attract traders from all around the world. Hopefully they'll eventually become an irrelevance because none of them are to be trusted.

They're all zero fees?  Shocked How do they make money?

Maybe they're all ponzi schemes?  Grin They might make money from adverts like faucets do. They'll surely get a lot of hits.
legendary
Activity: 2590
Merit: 3015
Welt Am Draht

I think it'll climb up rapidly especially as bitcoin adoption grows in America. What I want to know is why are all the biggest exchanges Chinese?


There are lots of miners there. Also those exchanges are zero fee so they'll attract traders from all around the world. Hopefully they'll eventually become an irrelevance because none of them are to be trusted.

They're all zero fees?  Shocked How do they make money?

I think some charge a withdrawal fee. I'll guess that much of their money is made taking fresh CNY for coins that have never and will never actually exist.
sr. member
Activity: 274
Merit: 250

I think it'll climb up rapidly especially as bitcoin adoption grows in America. What I want to know is why are all the biggest exchanges Chinese?


There are lots of miners there. Also those exchanges are zero fee so they'll attract traders from all around the world. Hopefully they'll eventually become an irrelevance because none of them are to be trusted.

They're all zero fees?  Shocked How do they make money?
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
maybe there are more Bots that trade BTC and this is the reason for the high volume.
legendary
Activity: 2590
Merit: 3015
Welt Am Draht

I think it'll climb up rapidly especially as bitcoin adoption grows in America. What I want to know is why are all the biggest exchanges Chinese?


There are lots of miners there. Also those exchanges are zero fee so they'll attract traders from all around the world. Hopefully they'll eventually become an irrelevance because none of them are to be trusted.
sr. member
Activity: 274
Merit: 250
Coinbase is the biggest western exchange after asia (no. 10) .

How long will it take for Coinbase to reach the top 5? What do you think?


I think it'll climb up rapidly especially as bitcoin adoption grows in America. What I want to know is why are all the biggest exchanges Chinese? Hopefully it wont matter in the future any way as we move towards decentralized exchanges which are in the true spirit of bitcoin in my opinion.
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
@bitgeek:

you cant compare coinbase with mtgox. nothing is a 100% safe but coinbase has a very professonial team and because of that more than $120 millions in funding.
mtgox was ran by a criminal lunatic with no clue.


@Gisado

here it is:

http://exchangewar.info/#unisend
full member
Activity: 168
Merit: 100
Yoohoo
I would like to see the original page... Can you give me the link?
sr. member
Activity: 462
Merit: 251
Good for them. I just hope they won't turn into another Gox. BTC needs a stable well managed exchanges, that won't report a hack and disappear after a year or 2.
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
Coinbase is the biggest western exchange after asia (no. 10) .

How long will it take for Coinbase to reach the top 5? What do you think?

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