In a move that wasn't surprising, on Sep. 21 South Korea has passed China in
total Bitcoin trading volume.
Secondly, Japanese Bitcoin trading volumes has also a significant share in
total bitcoin trading volume, and when Japanese government introduces such kind of favorable policies, it boosts traders and investors confidence in Bitcoin.
At the time of writing, Seoul - based cryptocurrency exchanges Upbit and Bithumb each priced Bitcoin at about $ 9,100, which represented a roughly five percent premium over the coin's global average, although these platforms accounted for just a combined four percent of
total Bitcoin trading volume.
Trading in bitcoin - Japanese yen accounted for about 57.6 percent of
total bitcoin trading volume, according to CryptoCompare.
Not exact matches
Total trading volume in the Cboe
bitcoin futures was still relatively small.
Interactive Brokers said it handled just over half of the Cboe
bitcoin futures
trading volume on the first
trading day, which saw the highest daily
volume so far at 4,127 contracts in
total across the products expiring in January, February and March.
You can also compare top
Bitcoin exchanges by
trading volume or user votes and see the
total trading volume of all major exchanges in USD or BTC.
If the daily
traded volume is typically 10 % of
bitcoin's
total market capitalization, that values
bitcoin at $ 1.75 trillion, he told CNBC.
Given the importance that traders place on liquidity, along with the relatively small
total size of
bitcoin trading volumes as compared to other securities markets, it's not at all surprising to see
bitcoin trading volume further concentrating in the largest exchanges.
However, the latest data indicates that
volume has concentrated even further as smaller exchanges are being pushed aside, leaving them with a much lower share of the
total volume of
bitcoins traded than just a few months ago.
Each of these exchanges - the «Big Three» - accounted for roughly 30 % each of
total US$
bitcoin trading volume near the end of 2013 (see Table 1).
While
bitcoin contributed to 85 % of
total exchange -
traded XRP
volume in Q1, this number dropped to 63 % by the end of June, according to the company.
Mt. Gox, while not possessing the same dominant 80 % share of
bitcoin trading volume that it did earlier in the year, still reports
total volume market share of 20 % -30 % of all
bitcoins traded.
With the price of
Bitcoin hovering around $ 1250 USD and
total trading volume just over $ 51M at the time of this writing, the bounty for successfully hacking an exchange account could be fruitful.
According to the study, Markus accounts for 12 percent and Willy accounts for 6 percent of the
total trade volume on the four major
Bitcoin exchanges on the days they were active.
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.
He estimates the future market capitalization of
Bitcoin to reach $ 1.75 trillion by that year, and its daily
traded of
volume to reach $ 500 bln out of the
total $ 5 trl
traded in foreign exchanges.
The
total of
bitcoin trading volume processed last year surpassed the 23 billion US dollar (+53 % compared to 2013).
I think it is fair to point out that
Bitcoin's
trading volume was 972,867 in the last 24 hrs, which would mean Silk Road contributed around 10 days of
total trading value \
volume to the
Bitcoin economy which has been going for 6 years.
Also Read: Last Week's Market Wrap Up As of press time,
bitcoin's
total 24 hour USD
volume was $ 12.2 million, lower than the average $ 15 — $ 20 million USD
volume we see on a typical day of
trading.
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 %.
Continue reading «
Total Bitcoin exchange
trading volume blows past $ 200 million during record highs»
South Korean
bitcoin trading volume reached greater than 12 % of the
total combined BTC
trading in recent months, as per CryptoCompare data cited in CNBC.
The latest drop in
total coin value seems to have coincided with broader uptake in
bitcoin, the world's most popular cryptocurrency both in terms of market cap and
trade volume.
Cryptocurrencies were upbeat on Wednesday — the
total market cap is bursting through the roof and
trading volumes are huge — but sadly, this enthusiasm is concentrated in
Bitcoin.
Bitcoin now has a
trading volume of over $ 5 billion against the
total of about $ 12 for all cryptocurrencies, meaning it commands about 53 percent of the
volume.
The
total bitcoin market capitalization and global P2P
bitcoin trading volume are showing signs of divergence during September, following numerous months of relative correlation.
Bitcoin accounts for more than half the
total market cap and roughly 50 % of daily
trade volumes.
At $ 6.1 billion,
bitcoin's
trade volume accounted for roughly 42 % of the
total 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.