This has been like this since the chinese exchanges got big.
The thing is that it is mainly artificial volume to make it look like they are the hotshots around. Due to their zeor trading fees, bots can move coins around between their own hands as often as they like without spending any precious coins. What they do succeed in though, is pumping the trading volume like mad.
Don't be distracted by this too much, it means nothing.
Topic: Exchange volume distribution. BTC belongs to China - page 5. (Read 3748 times)
When there are no transaction fees, volumes are not reliable at all.
You could trade with yourself all day long and drive up volumes.
You could trade with yourself all day long and drive up volumes.
Everyone knows the Chinese exchanges are not a reliable source for information and those stats are being manipulated. Those exchanges are also in
competition with each other, so they manipulate those stats. I mostly ignore all Chinese sources when I look at the prices. These are some of the
sources I use to get a average price :
Bitfinex
Bitstamp
BTC-E
LocalBitcoins
competition with each other, so they manipulate those stats. I mostly ignore all Chinese sources when I look at the prices. These are some of the
sources I use to get a average price :
Bitfinex
Bitstamp
BTC-E
LocalBitcoins
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