China's 90 percent
global Bitcoin market share figure mentioned by Gongsheng was refuted by many analysts, investors, and researchers in the cryptocurrency sector as early as last year.
CryptoCompare, the cryptocurrency market data provider has revealed that South Korean Bitcoin exchange market consists of approximately 7 % of
global Bitcoin market share.
Not exact matches
According to the Financial Times, bitFlyer has 80 percent
market share in
Bitcoin trading in Japan and around 20 to 30 percent on the
global market.
If the number of
Bitcoins acquired by the Trust is large enough relative to
global Bitcoin supply and demand, further in - kind creations and redemptions of
Shares could have an impact on the supply and demand of
Bitcoins in a manner unrelated to other factors affecting the
global market for
Bitcoins.
While China in the past accounted for the bulk of
global bitcoin trading activity, the country's
share has dropped dramatically since the government started making moves to cool the
market.
BTCC, one of the world's largest
bitcoin exchanges by
market share, has recently reported unusually high transaction volume following the recent slump in values of
global stock and commodities.
With a reported 75.7 %
share of the South Korean
bitcoin market volume, Bithumb is one of the five largest
bitcoin exchanges in the world and hosts over 13,000
bitcoins worth of trading volume daily, or roughly 10 percent of the
global bitcoin trade.
In regards to
Bitcoin Cash (BCH), Bithumb takes up one - third of the
global market share with 36.1 %.
Japan has become the largest
Bitcoin exchange
market with 50.75 percent
market share of the
global Bitcoin exchange
market.
A good thing to know: Recently, Japan once again became the largest
Bitcoin exchange
market with 50.75 percent
market share of the
global Bitcoin exchange
market.
As a result, Japan has once again become the largest
Bitcoin exchange
market with 50.75 percent
market share of the
global Bitcoin exchange
market.
Re-interpreting their
market share, it appears the true aggregate volume of OKCoin, Huobi and BTCChina is closer to 35 % of the
global bitcoin market.
As of Sunday, the
global market Cap stood at $ 275 B and has since then partially recovered to $ 353 B as of writing time with
Bitcoin trading at $ 9,080 and a
market share of about 43 %, down about 1 % from last week.
While
bitcoin, with about 45 %
market share of the
global $ 110 billion cryptocurrency
market cap, is the most commonly traded cryptocurrency, this exchange will instead feature the XEM currency with more cryptocurrencies to follow, allowing NEM Foundation to take control of developing their smart asset offering.
But, the resumption of cryptocurrency trading by the Chinese government could lead
bitcoin price to new highs, as China was still a major
market with around 10 percent of the
global bitcoin exchange
market share prior to the ban.
Japan has once again become the largest
Bitcoin exchange
market with 50.75 percent
market share of the
global Bitcoin exchange
market.
The abrupt migration of traders led to the short - term surge in the trading volume of Japan, allowing the
market to overtake the US by over 20 percent in
global Bitcoin exchange
market share.