The Great Vaults of China: What’s Inside For Bitcoin Ecosystem?It’s not a secret that China is bitcoin world’s leader in many regards. Since the major cryptocurrency glut in 2013, Chinese companies started getting increasingly involved in virtual money, including mining and various financial services. Currently there are about 20 major companies involved in cryptocurrency operations, with about 800,000 customer base, not to mention smaller startups that emerge every now and then. Chinese exchanges handle about 70% of the world’s total bitcoin trading volume. Notably, as opposed to USD-based platforms, yuan-based ones do not charge any transaction fees, so CNY trading volumes may look even greater than actual investment involved.
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