Sentences with phrase «of global bitcoin trading»

As a result, yen to bitcoin transactions now account for around 40 percent of global bitcoin trading volumes.

The country's financial exchanges also account for nearly half of global bitcoin trading volume.

Chinese authorities are currently working on a plan for bitcoin regulation since Chinese bitcoin enthusiasts account for the vast majority of global bitcoin trading.

Until recently, 95 percent of global Bitcoin trading was done though Chinese exchanges.

Just 15 percent of global bitcoin trade against Japan, Korea, and the USA, which equal to 80 percent,»

China only accounted for around 10 to 13 percent of global bitcoin trades prior to the ban and thus, the ban should really have only affected 10 to 13 percent of traders.

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.

Bloomberg reported 21 percent of global bitcoin trades during a 24 - hour burst in activity last week involved Korean won.

The People's Bank of China (PBoC) released twin statements this morning, outlining that it had met this week with representatives from BTCC, as well as Huobi and OKCoin - exchanges which host the majority of global bitcoin trading today - and warned them about remaining in compliance with state laws and regulations.

At the time of this writing, both Bitfinex and Coinbase's exchange, GDAX, accounted for nearly one tenth of global bitcoin trades over the previous 24 hours.

The South Korean cryptocurrency market accounts for a relatively small percentage of global Bitcoin trades, but has nonetheless played a crucial role in bringing RIpple's market capitalization from $ 40 billion to $ 88 billion.

The Chinese cryptocurrency exchanges OKCoin and Huobi, former leaders of the global bitcoin trading, now have the fifth and the tenth place with shares of 9.48 % and 5.18 % respectively.

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.

Almost 80 % of all global Bitcoin trading by the end of November was occurring in Japan, South Korea, and Vietnam.

According to various trusted Bitcoin market data providers such as CryptoCompare, China only accounts for 6.4 percent of global Bitcoin trades at the time of reporting.

But many Chinese have turned to cryptocurrency investments as a way to make money away from the prying eyes of authorities, which is probably the main motivation for a series of stringent measures that have collapsed China's share of global bitcoin trading.

At the time of writing, on CoinMarketCap, the BTC / CAD trading pair accounted for 0.05 percent of the global bitcoin trading volume.

Just 15 percent of global bitcoin trade against Japan, Korea, and the USA, which equal to 80 percent,» said Kikvadze.

Even though the Chinese bitcoin exchange market was not a major market to begin with as it only accounted for 10 to 13 percent of global bitcoin trades prior to the ban, the bitcoin mining industry of China is accountable for a large portion of the global bitcoin hash rate.

China was the biggest player by far, capturing over 80 percent of the global Bitcoin trade volume, according to some reports.

Separately Tokyo's Mt. Gox, which once handled around 80 % of the global bitcoin trades, filed for bankruptcy in 2014, after losing some 850,000 bitcoins, Reuters reported.

Binance made up 14.22 percent of global Bitcoin trading, followed by Upbit with 13.06 percent and Bithumb with 10.53 percent.

By 2013, it had nearly 1.1 million active accounts from 239 countries and handled upwards of 90 percent of global bitcoin trading.

Today, the Chinese bitcoin exchange market accounts for less than 5 percent of global bitcoin trades and in four weeks time, China's bitcoin exchange market will have no trading activity at all.

Prior to the imposition of a nationwide ban on Chinese exchanges, the Chinese bitcoin exchange market accounted for around 10 to 13 percent of global bitcoin trades.

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.

Presently the global ranking of CNY has stumbled down to the 20th place and accounts for just 0.03 % of global bitcoin trading volume.

After allegedly capturing roughly 70 percent of the global bitcoin trade volume, the country's national currency CNY now represents less than 0.02 percent according to data from online exchanges.

Weese revealed that Huobi, OKCoin, BTCC (which operate as Huobi Pro) and OKEx now account for seven percent of global Bitcoin trades.

Bitcoin price has already surpassed $ 12,000 in both South Korea and Japan, two major Bitcoin markets that are accountable for approximately 74 % of global Bitcoin trades.

Prior to the nationwide ban on Chinese exchanges, the mainland market accounted for 10 - 13 % of global bitcoin trades.

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

Back in 2017 the Korea Herald reported that Bithumb accounted for about 10 % of the global Bitcoin trade.

«At present, China's trading volume has declined drastically,» Wo said, as China is no longer the dominating force it once was when it comprised more than 90 % of the global Bitcoin trading volume.

Just a year ago, China was responsible for ninety percent of global bitcoin trade.

Prior to 2017, China accounted for as much as 90 percent of all global bitcoin trading.

China was the biggest player by far, capturing over 80 percent of the global Bitcoin trade volume, according to some reports.

According to various bitcoin market data providers such as BraveNewCoin, Europe accounts for 8 percent of global bitcoin trading, processing around $ 70 million worth of bitcoin trades on a daily basis.

But, earlier today, Bitfinex, the largest Bitcoin exchange in the world in trading volume that accounts for 10 percent of all global Bitcoin trades, announced its closure in the US.

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

Gemini's 24 hour Bitcoin volume represented just 1.6 % of the global Bitcoin trade.

At press time, the South Korean Won stands at fifth, with approximately five percent of the global bitcoin trade.

According to several cryptocurrency market data providers including CryptoCompare, the Japanese bitcoin exchange market accounts for 64 percent of global bitcoin trades, nearly twice as large as the US.

Analysts are expecting China's share of global bitcoin trade to drop substantially further once all of China's major bitcoin exchanges have ceased operations, which is expected to have occurred before the end of October.

Bitcoin price has surpassed $ 12,000 in both South Korea and Japan, two major bitcoin markets that are accountable for approximately 74 percent of global bitcoin trades.

The Naira / BTC trade accounts for approximately 0.03 % of global bitcoin trading.