Bitcoin Forum

https://i.imgur.com/226TRx6.png

recent 30 days Bitcoin trading volume on Exchanges
http://data.bitcoinity.org/markets/volume/30d?c=e&t=a&volume_unit=btc


I can only say, more people more power in China, chinese occupied the top three, and their sum is more than 70% of the total!!

only bitfinex has a portion since it run a sharp leverage.

and others simple exchanges, bitstamp btc-e lakebtc sum up their three, it's only 10% share. and kraken I mentioned last time (http://them), seem to be not doing very well.

china has a large volume but because they have 00% fees there it could just be the same coins traded over and over again.

okcoin at leas has leverage, and bigger than bitfininex

Perhaps this is one reason, but I don't think this is the key

chinese exchanges volume is very huge, but it is pointless for me. btc-e and lakebtc are still my top two choice.

Volume defines a market; any market. Higher the volume better the market. Doesn't matter even if the same coins are being rotated n number of times. Or if the transaction fee is zero or even negative for that matter.

BTW bitfinex.com operates out of Hong Kong.

China has way more volume than the chart shows because it incudes only the okcoin.com international exchange trading in usd and not the 0 % exchange trading the massive volume of okcoin.cn
(two seperate exchanges)

https://www.okcoin.com/about/fees.do (https://www.okcoin.com/about/fees.do) okcoin.com 24h Vol BTC: ฿18,693
https://www.okcoin.cn/about/fees.do (https://www.okcoin.cn/about/fees.do)    okcoin.cn    24h Vol BTC: ฿125,209

Wow. that's almost 90% with all of them combined. and what's more surprising is that kraken share is so small compared to the rest.

the charts incluide both usd and usd volume

then how do you explain that https://bitcoinwisdom.com/markets/btcchina/btccny have less than 2k btc in both directions while bitfinex have 9k ask and 15k btc bid orders?

unexplained, but only faking

the real volume should be be divided by their leverages.

I believe I read something about Chinese exchanges doubling their volume by reporting coins bought and sold as 2 transactions but they are in fact the same coins. Has the above chart taken that into account? Bitstamp has only 4% of global volume? I found that hard to believe.

lol does this really surprise anyone?

China has built the number 2 world economy by outslicking the europe and the west by any means necessary.  That means lying, cheating, stealing patented technology, and scamming. 

Have fun playing russian roulette when they have the hand on the trigger!

I believe it's much simpler to profit in a bear market by using derivatives, shorts, leveraged shorts, etc. It's not something for people who only believe in the long-term success of Bitcoin, but those who like to ride even the smaller waves and profit off of them. I think this will change if/when we enter a definite bull-market again!

Volume on chinese exchanges is way higher because of the zero fees, this was admitted by I think the CEO of BTCChina. He said that because of the zero fees the volume would be between 5 and 10 times higher than on other exchanges.

Also read this: http://www.coindesk.com/reality-chinese-trading-volumes/

Zero fees for transactions is a considerable difference.

??
Charting websides do not include 0% trading volume