China Volume > USA Volume?

[R2Pleasent]

I am looking at the 24h volumes on http://btckan.com/price.  Currently, the top three Chinese exchanges are:

- Huobi (116K BTC volume)
- ChBTC (32.5K BTC volume)
- FXBTC (25.1K BTC volume)

Total: 173.6K volume in past 24 hours

Now, let's compare to the top three USD exchanges:

- Bitstamp (25.1K volume)
- BTC-e (24.9K volume)
- Mt. Gox (21.7K volume)

Total: 71.7K volume in past 24 hours

Based on these values, there is nearly 2.5x more volume on Chinese exchanges in past 24 hours than USD exchanges.  Are these numbers correct? 

[Odalv]

If I have 100 btc at exchange with no fee then I'll make volume 100k only by selling and buying to/from myself.

[Wilhelm]

Chinese trade faster

[yogi]

China > Europe > USA

[Boxman90]

USA volume? USA? LOL.

Mtgox Japan
Btc-e Bulgary
Bitstamp UK/Slovenia

Murrica.

[TERA]

They call them "western exchanges" too...

[N12]

We have no idea, really. Just keep this in mind: http://www.coindesk.com/chinese-bitcoin-exchange-okcoin-accused-faking-trading-data/

If the order book figures here are correct, their volumes don't seem plausible to me.

edit: Actually, that order book is just a small snapshot, so it's no evidence of faking. It's inevitable that it will become so sophisticated eventually that we won't be able to detect it anyway.

[R2Pleasent]

If I have 100 btc at exchange with no fee then I'll make volume 100k only by selling and buying to/from myself.

I believe Huobi has transaction fees.

[Boxman90]

If I have 100 btc at exchange with no fee then I'll make volume 100k only by selling and buying to/from myself.

I believe Huobi has transaction fees.

Nope they don't. Noticed how BTCChina volume dropped like a rock richt after they introduced fees? Yeah. I don't trust chinese data for one moment. The only thing I trust is that suckers follow China 1:1. Good money.