Sentences with phrase «chinese bitcoin trading volumes»

Not exact matches

An increase in trading volume on Chinese markets has been seen as driving much of the most recent gains in Bitcoin's price.

In 2017, the Chinese government shut down the country's bitcoin trading exchanges, which until then accounted for nine - tenth of the digital currency's global volumes.

About a year ago, the Chinese cryptocurrencies dominated the trading volume for Bitcoin and most altcoins.

Other dominant Chinese bitcoin exchanges such as Huobi and OKCoin also had a noticeable increase in trading volume.

As bitcoin exchanges in China shut down, public trading volumes of Chinese Yuan became literally zero; therefore, any news from China related to Bitcoin should be irrelevant to thebitcoin exchanges in China shut down, public trading volumes of Chinese Yuan became literally zero; therefore, any news from China related to Bitcoin should be irrelevant to theBitcoin should be irrelevant to the price.

At the time of reporting, South Korea has overtaken the Chinese market in terms of bitcoin trading volume, becoming the third largest bitcoin exchange market in the world and evolving into a powerhouse within the global cryptocurrency sector.

With over 80 % of the bitcoin trading volume expressed in the Chinese currency, CryptoNinjas feels that a weak yuan regime provides a tailwind for the currency.

Chinese exchanges and yuan trades now dominate bitcoin markets, as macro factors and fee structures pump up volumes.

Huobi and OKCoin, the two largest Chinese exchanges that now account for some 92 percent of Bitcoin global trading by (self - reported) volume, both reported almost double the usual trading volume over the past weekend.

Broker - based OTC trades are typically high - volume in nature, so the effect of the rumored ban would be to shut out regular Chinese bitcoin users, by making it impossible for them to buy or sell the virtual currency.

WhalePanda emphasis on the fact that the trading volumes in Chinese Bitcoin exchanges are comparatively very low in comparison to other global exchanges.

Past yuan devaluations have had a positive impact on Chinese bitcoin exchange trading volumes and the price of bitcoin.

Given this week's turmoil in the stock market in China, it would be tempting to assume that the current increase in bitcoin price and trading volume on Chinese exchanges is a direct result of this alone.

More importantly, the trading volume and market share of the South Korean bitcoin exchange market overtook that of the Chinese bitcoin exchange market, officially becoming the third largest bitcoin market in the world behind Japan and the US.

Trading volumes by Chinese bitcoin trading platforms are close to reaching all - time highs and in terms of daily trading volume, China has already surpassed Trading volumes by Chinese bitcoin trading platforms are close to reaching all - time highs and in terms of daily trading volume, China has already surpassed trading platforms are close to reaching all - time highs and in terms of daily trading volume, China has already surpassed trading volume, China has already surpassed the US.

Since the moratorium on withdrawals at leading Chinese bitcoin exchanges in February of this year, smaller volume traders have been flocking to OTC trading platforms like Bitkan.

Regulation makes a large impact on cryptocurrency markets as the U.S. SEC rejects 2 ETFs, PBoC warnings lead to global volume crash and Chinese «Big 3» instituting trading fees, Japan sees bitcoin as legal payment method.

Chinese trade volume has seen the CNY plummet from the fifth position just a few weeks ago, to an all - time low of nineteen out of all the world's bitcoin trades.

The Big Three Chinese exchanges have finally resumed Bitcoin withdrawals as trading volume appears to be coming back, pushing BTC price back above $ 2,400.

Three main Chinese crypto exchange platforms, BTCChina, Huobi and OKCoin, account for more than 98 % of the global bitcoin trading volume.

At 35 % market share, Chinese exchange volume steps down to $ 103m of bitcoin traded daily, down from the apparent $ 1.6bn - worth traded daily before the implementation of fees.

The Chinese cryptocurrency market boom in the end of 2015 tripled the volume of bitcoin trade and caused the bitcoin rally in December.

Prior to China instituting a fixed flat rate charge of 0.2 % on all bitcoin trades, cryptocurrency enthusiasts had tried to estimate a «true volume» - a more realistic trading volume for Chinese exchanges that may indicate the region's actual dominance in the market.

The Chinese renminbi (CNY) is under - represented on LocalBitcoins considering the amount of bitcoin mining and trading that goes on there, though Chinese residents have access to several high - volume exchanges and also use other, China - only OTC platforms to trade off - exchange.

From about early 2014 until late January this year, Chinese exchanges accounted for about 90 % of global bitcoin trading volume, according to the website bitcoinity.org, which collates trading data reported by exchanges.

«And, in fact, it was the fake volumes that made the government mistakenly believe that the Chinese market accounted for so much of the global trading volume, and caused the government to supervise bitcoin in China so forcefully.»

Consequently, on 25 of January trade volume on Chinese bitcoin exchanges crashed.

In a relatively short period, the daily trading volume for Chinese Bitcoin has been cut in half, and Japan has been the biggest beneficiary.

The Chinese Localbitcoins markets set a new all - time high for trade volume this past week, with over 115 million CNY worth of bitcoin being exchanged.

As a result, the Chinese Bitcoin exchange market's trading volume declined significantly, only accounting for around 1 percent of global Bitcoin trades.

A good thing to know: Trading volumes by Chinese Bitcoin trading exchanges are close to reaching all - time highs and in terms of daily trading volume, China has already surpassed Trading volumes by Chinese Bitcoin trading exchanges are close to reaching all - time highs and in terms of daily trading volume, China has already surpassed trading exchanges are close to reaching all - time highs and in terms of daily trading volume, China has already surpassed trading volume, China has already surpassed the US.

Ever since the Chinese government demanded in September that bitcoin exchanges in the country shut down, China's on - exchange bitcoin trading volume has all but disappeared.

But overplaying China's trade volume leads to the wrong conclusion that bitcoin's value is purely derived from its role as a speculative plaything for Chinese investors.

With Chinese trading volume already waning before the news landed, and sentiment strong over Bitcoin's inbuilt regulation - resistance, it appears that any moves towards an outright ban in China during the coming weeks will have a minimal impact on the market anyway.

With the downfall of Chinese bitcoin trading, Bitfinex has taken the third place in the rating with 11.72 % of the market share by volume.

A bulk of overall bitcoin trading volume traditionally belongs to Chinese market.

Bitcoin trading against the Chinese currency has dwindled to 19 percent of total volume in the past six months, from about 90 percent last year, according to digital currency data website Bitcoinity.

The continuing decline of the Chinese stock market contributed to the growth of bitcoin trading volume.

It is no coincidence that Bitmain, the worlds largest Bitcoin mining equipment manufacturer, is a Chinese company.While China still dominates crypto mining and mining equipment manufacturing, the countrys Bitcoin trading volume has fallen.

The Chinese Bitcoin exchange market's daily trading volume has halved within a period of three days, from 15 percent to less than seven percent.