Why does Chinese exchange only offer BTC and LTC?

memequiserle

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Quote from: metalbean on December 31, 2016, 02:19:04 AM

The three main exchanges - OKCoin, Huobi and BTCC only offers two cryptocurrencies.

Why is that?

because in china user, majority only use litecoin anditcoin
and can fast transaction in market buy and sell
rank 4 in exchanger in china, btclake can support dogecoin, but very low transaction, only 0.0 percent in volume transaction
china people only interest litecoin and bitcoin

her1980man

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I guess you are looking in the wrong places, there are indeed Chinese exchanges for most existing alt-coins.
Keep in mind a search on US located Google and others wont reveal most of them, nor will Baidu.
The insider markets are hidden in the Tor-network and even I2P, good luck finding them and getting a login.
Keep digging around, if you really need access, but i would not spend too much money in a marked that could die any day.
Guess only the very low transaction costs would be a reason to go there.

Diced90

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Get'em boys

I would say our chinese friends do their home work before listing a cryptocurrency for trade and want to keep the risk low,which is really smart of them.

metalbean

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Just found out another big reason.

The CEO of BTCC is the brother of Litecoin creator Charles Lee aka Charlie.

Brotherly love Wink

Nahl

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actually china have several big altcoins exchange such as bter.com but indeed another altcoins have less popular rather than bitcoin or litecoin but i was wondering sometimes why bitcoin price on china exchange very different if we compare from other exchange

densuj

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Quote from: metalbean on December 31, 2016, 02:19:04 AM

The three main exchanges - OKCoin, Huobi and BTCC only offers two cryptocurrencies.

Why is that?

In my opinion be based on marketcap, because bitcoins is has large of amount of transactions and litecoin is the most old altcoins although the marketcap of litecoin be defeated by ethereum, we can check on here https://coinmarketcap.com
But the exchangers of Chinese will not taking risk with add other coins except bitcoins and litecoin.

poloniexwhale

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It is weird they do not list Ethereum, but list useless litecoin. It is illogical. They wanted to increase the popularity therefore they listed litecoin, but it is dead now.

Spoetnik

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FUD Philanthropist™

Because they are smarter ?
No seriously think about it ..maybe it's pretty straight forward Cheesy

The Sceptical Chymist

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Quote from: cdrking on December 31, 2016, 06:57:29 AM

Probably they are seeing other alt coins as nonsense coins.

So they don't mind to look after it but rather than focus to what is more important.

They are nonsense coins, the vast majority of them. Some of the big-name ones actually get used--for whatever--but the rest just exist to exist. And I would imagine that it's a huge pain in the ass for these exchanges to offer the shittier ones up for trade. Like Yobit, which lists anything that can fit into a toilet bowl. If I was an exchange, I definitely wouldn't want to be bothered with that garbage. There's enough liquidity in bitcoin to sustain a profit.

couldbeangel

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They are widest held and least risky? Less volatile?

Spoetnik

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FUD Philanthropist™

Quote from: fortunecrypto on January 01, 2017, 02:18:40 AM

Quote from: metalbean on December 31, 2016, 02:19:04 AM

The three main exchanges - OKCoin, Huobi and BTCC only offers two cryptocurrencies.

Why is that?

Because they have full control of these two coins,they have a lot of mining farms scattered around their country,because of this they are making huge profit and they pumps it's price anytime they want,these two coins will always stay on the top ten..

What like Bitcoin ?

And you BLAME them for that ?

NEWS FLASH: If Americans WANTED to control Bitcoin they could do so.
So don't flop on your back and cry foul.
Further more why can't we complain if some other country like the USA monopolizes BTC mining or LTC mining ?
Is that ok then ?

You all figure out why i am the smart one here yet ?

traderethereum

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Quote from: metalbean on December 31, 2016, 02:19:04 AM

The three main exchanges - OKCoin, Huobi and BTCC only offers two cryptocurrencies.

Why is that?

i think they want to just focus with two cryptocurrencies and don't want the other coins make crowded the exchanges and i think people which trading in okcoin, huobi and btcc is enjoy their time when they doing trading in that site. the volume for the three of the sites is good and big number and they can be role model for other exchanges.

Cryptotraider16

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http://www.leocoinapp.com/

Quote from: fortunecrypto on January 01, 2017, 02:18:40 AM

Quote from: metalbean on December 31, 2016, 02:19:04 AM

The three main exchanges - OKCoin, Huobi and BTCC only offers two cryptocurrencies.

Why is that?

Because they have full control of these two coins,they have a lot of mining farms scattered around their country,because of this they are making huge profit and they pumps it's price anytime they want,these two coins will always stay on the top ten..

Yeah and control by China!

fortunecrypto

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Quote from: metalbean on December 31, 2016, 02:19:04 AM

The three main exchanges - OKCoin, Huobi and BTCC only offers two cryptocurrencies.

Why is that?

Because they have full control of these two coins,they have a lot of mining farms scattered around their country,because of this they are making huge profit and they pumps it's price anytime they want,these two coins will always stay on the top ten..

metalbean

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Quote from: Greenenergy on December 31, 2016, 07:42:37 AM

Because Bitcoin is the king, so it does not need to be explained. About Litecoin, some say regularly here that it is China's baby, so I guess it is the reason. There isn't any other altcoin worth the try and that proved to be reliable over the years.

Who's been saying Litecoin is China's baby? curious

Spoetnik

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Quote from: Greenenergy on December 31, 2016, 07:42:37 AM

Because Bitcoin is the king, so it does not need to be explained. About Litecoin, some say regularly here that it is China's baby, so I guess it is the reason. There isn't any other altcoin worth the try and that proved to be reliable over the years.

It's because LTC is the oldest and heavily supported and adopted.
It's has nothing to do with skin color Roll Eyes

NOOBS you would know that if you were here years ago.

Tenebrix never took off.. LITECOIN DID !

How many of you morons know what a P2Pool is ?
Do your homework then post your little kidiot Investard noob theories..

Funny thing is back in the day there was 1,000 topics a day on LTC and it was popular.
Guess what noobs ?
When your Ethereum or what ever is long gone people will wonder about that too.
Like PrimeCoin and it's Cryptsy market.

All these topics and comments just remind me off how big of a noob you all are.

Shiroslullaby

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I guess promoting a bunch of shitcoins to pump and dump is not the way the crypto markets work there.

Recently there has been a lot of talk in China about Monero.
Hopefully some Chinese exchanges start trading XMR. That could send the price to the moon since you would have so many new potential users.

hajimasan

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Quote from: metalbean on December 31, 2016, 02:19:04 AM

The three main exchanges - OKCoin, Huobi and BTCC only offers two cryptocurrencies.

Why is that?

I think after these two Coins they mainly offers one other altcoin that is doge coin .
In my opinion China country is famous for bitcoin mining mainly , So they offer bitcoin and litecoin is a coin was comes in the market of online money after bitcoin got popularity .

jmpFCE2

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Why does a Decent Exchange offer fiat-> crypto and crypto-> fiat directly?

Greenenergy

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Because Bitcoin is the king, so it does not need to be explained. About Litecoin, some say regularly here that it is China's baby, so I guess it is the reason. There isn't any other altcoin worth the try and that proved to be reliable over the years.

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