Topic: Exchange volume is more decentralized now then ever ... - page 2. (Read 1751 times)
That's great. What was the timespan you used?
MtGox share is under 60%. I have no ill feelings towards MtGox and don't want to see them "go away" (as others do). However having exchange volume more decentralized is a good thing for everyone (except maybe Mtgox). I don't believe decentralized exchanges are viable (at least nothing proposed yet). For those who want to operate outside the exchange space, OTC is a great concept but major companies aren't going to use OTC. Imagine tomorrow Newegg accepted BTC and needed to convert tens of thousands of BTC a day to pay bills, suppliers, etc. They are going to use an exchange and if exchanges can't handle that volume they simply won't accept BTC. MtGox at one point topped 85%+ of total exchange volume and now is below 60%. Hopefully that will fall even further to say 30% to 40%, MtGox would still be majorly important but they wouldn't be "the" exchange.
http://www.bitcoinity.org/markets/list
We are going to start combining quote feeds from all exchanges and using the "gobal exchange rate" in our pricing models.
http://www.bitcoinity.org/markets/list
Code:
Total volume in prior 24 hours: 36,705 BTC
Name BTC Share Currencies
mtgox 21,397 58.30% AUD CAD CHF DKK EUR GBP HKD JPY NZD PLN RUB SEK SGD THB USD
bitstamp 5,879 16.02% USD
btce 4,625 12.60% USD RUR EUR
btcchina 2,729 7.44% CNY
campbx 882 2.41% USD
cavirtex 812 2.21% CAD
bitcurex 377 1.03% PLN EUR
We are going to start combining quote feeds from all exchanges and using the "gobal exchange rate" in our pricing models.
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