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Title: Okcoin & BTCC international exchange ~20% price surge for USD! Post by: Z24 on May 25, 2017, 09:58:00 PM All South Korean and Japanese exchange rates are off to the stars due to their own internal reason. So buying on their exchanges is pricey if you deal with their local currencies.
All major and veteran global players(poloniex, kraken, bitstamp, bitfinex, gdax etc) prices are around $2400ish(at the time of writing) and so are the prices at the CNY exchange of BTCC and Okcoin, but USD exchange of these two giants from China are in the $2800 range. Thats a massive difference for the same base currency. Whats driving the USD exchange of BTCC and Okcoin to surge in such a manner? Even their volumes are lower compared to their respective CNY exchanges. For the same base currency a difference of around 100$ among the top exchanges happen on and off but this is beyond understanding. Is it due to lack of liquidity for USD in Chinese exchanges? Is it due to excess demand for USD/XBT pairing? if so why? any other reason? when will this stabilize and be competitive with the rest of the pack? |