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Title: Brazilian Exchanges in 2014: a market analysis Post by: person on January 20, 2015, 06:06:21 AM I've created a report on the status of the Brazilian Market and it's largest exchanges.
In a nutshell, trade volume was around US$ 16.7M/yr with a volume greater than 31K BTCs. It may be a drop in the ocean compared to other markets (USD, EUR or China) but it shows signs of continual growth over the last 6 months. Quick view: https://i.imgur.com/4gha3Uil.png (large image: https://i.imgur.com/4gha3Ui.png (https://i.imgur.com/4gha3Ui.png)) PDF download (English): http://bitbolsa.tk/BitBolsa_2014_BRMarket_en.pdf (http://bitbolsa.tk/BitBolsa_2014_BRMarket_en.pdf) PDF download (Portuguese): http://bitbolsa.tk/BitBolsa_2014_BRMarket_pt.pdf (http://bitbolsa.tk/BitBolsa_2014_BRMarket_pt.pdf) Title: Re: Brazilian Exchanges in 2014: a market analysis Post by: chek2fire on January 21, 2015, 02:25:16 AM thx for the info :)
Title: Re: Brazilian Exchanges in 2014: a market analysis Post by: pawel7777 on January 21, 2015, 09:59:08 AM Thanks for sharing. Interesting read.
The volume is indeed very low, but that only means there's a lot of room for growth. Hope BTC will get some more attention. Found some article from October explaining problems with adoption in Brazil: http://www.coindesk.com/brazil-bitcoin-market-ignite/ (http://www.coindesk.com/brazil-bitcoin-market-ignite/) Title: Re: Brazilian Exchanges in 2014: a market analysis Post by: BitCoinNutJob on January 21, 2015, 10:44:36 AM In a nutshell, trade volume was around US$ 16.7M/yr with a volume greater than 31K BTCs. It may be a drop in the ocean compared to other markets (USD, EUR or China) but it shows signs of continual growth over the last 6 months. Yeah and thats over a brutal year long bear market, imagine what the volume would be on an uptrend. Title: Re: Brazilian Exchanges in 2014: a market analysis Post by: Q7 on January 21, 2015, 11:20:51 AM Looks good. There are certainly rooms for more growth and it shows progressive adoption of bitcoin in other parts of the world. Hope to see the trend continues.
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