Bitfinex, which has nearly a third of U.S. -
dollar bitcoin trade volume, is undecided on how it will handle the BCH situation.
Not exact matches
U.S.
dollar -
bitcoin trading made up about 25 percent, and tether — which is pegged to the greenback — accounted for about 20 percent of
trading volume.
This is one exchange which compromises a relatively small amount of
bitcoin dollar -
traded volumes globally.
The Singapore
dollar makes up 0.02 percent of daily global
bitcoin trading volume but the country has emerged as a hub for ICOs.
The Japanese Yen had the largest share, accounting for about 37 percent, while the U.S.
dollar had about 33 percent of
bitcoin trading volume, the website showed.
BitFinex has the largest
bitcoin volume of
trades against the US
Dollar so it is often the most trustworthy place to get the price of
bitcoin from since it is the most stable on this exchange.
This is why
bitcoin prices in China
trade at a significant premium to U.S.
dollar bitcoin, and it is also why 90 % of
bitcoin trading volume comes from China.
Trading volume for the past twenty - four hours as of this writing has exceeded 143K
bitcoin, which in U.S.
dollar terms equates to over $ 323.57 million that has been
traded on the open market.
Bitstamp is currently the fourth largest exchange by total US
dollar trading volume, according to data from
Bitcoin Charts, behind Bitfinex, BTC - e and Coinbase.
The total of
bitcoin trading volume processed last year surpassed the 23 billion US
dollar (+53 % compared to 2013).
San Francisco - based Kraken is one of the largest
Bitcoin exchange in euro
volume, liquidity, and the
trading of US
dollars, Canadian
dollars, Japanese yen, and British pounds.
Kraken landed in the international scene in 2011, and is considered the largest
bitcoin exchange based on the euro
volume, liquidity, and the
trading of US
dollars, Canadian
dollars, British pounds, and Japanese yen.
The pair
bitcoin / Japanese yen accounts for more than 57 % of the 24 - hour
trading volume, the US
dollar accounts for 29 %, and the
trading volume of
bitcoin in pair with the Korean won stands at 9 %.
According to CryptoCompare, within the last 24 hours, the pair
bitcoin / Japanese Yen was the most popular, accounting for about 46 % of total
trading volume on par to currencies, while the pair
bitcoin / US
dollar accounted for less than 27 %.
At present, most of
Bitcoin's largest
trading pairs are against either USD or the
dollar - pegged Tether token, with JPY, EUR, and KRW each making one appearance in the list of BTC's highest -
volume pairs.
If large - scale hedge funds and institutional investors invest in
Bitcoin with an influx of tens of billions of
dollars causing the daily
trading volume to surge, the price of
Bitcoin will likely cruise through $ 10,000.
Bitcoin Cash rarely achieved a two billion
dollar daily
trading volume over the past few months and thus, the recent pump in the
volume and price of
Bitcoin Cash remains questionable.
Still, Bithumb remains a significant player in the
Bitcoin market, with daily
Bitcoin trade volumes reaching hundreds of millions of
dollars.
According to data from
Bitcoin Charts, Australian
dollar trading is only available on two exchanges, both of which have less than 2,000 BTC in
volumes.
But, even then,
trading volumes OTC markets in China only account for tens of millions of
dollars worth of
Bitcoin trades on a weekly basis, which is a small fraction of global
Bitcoin trading volume in contrast to leading exchanges such as Bithumb which process hundreds of millions of
dollars in
trades on a daily basis.
In the last 24 hours,
Bitcoin has had a
trading volume of $ 2.2 billion
dollars with a Market Capitalization stable around $ 94 billion
dollars.
At the time of writing, Japan accounts for about 30 percent of the world's
bitcoin trade volume and the Japanese Yen holds the second position after the US
dollar regarding
bitcoin's swapping
volume.