[2017-02-13] Following the PBOC Exchange Shakeup China’s Localbitcoins Volume Su

[TwoTimes]

Things are changing in China as far as Bitcoin exchanges are concerned. Over the course of the past few weeks, China’s central bank has been inspecting and regulating the country’s top cryptocurrency exchanges. The event has caused a significant shift in Chinese Bitcoin trading causing Localbitcoins volumes to grow exponentially while exchanges in China make changes to their business model.

Read More Here: https://news.bitcoin.com/pboc-exchange-shakeup-china-localbitcoins-volume-surges/

[1Referee]

It's not more than normal that certain Chinese traders will look for alternatives when it comes to buying themselves some coins, but I honestly don't find localbitcoin's their volumes to be that much affected. It's a very small change that I consider to be insignificant. If you look at how another exchange has been doing, then the JPY exchange bitFlyer has been doing tremendously well very recently. I think that's really worth a mention.

http://bitcoinity.org/markets/list

[Papa Bear]

Localbitcoins volumes have exploded.All eyes will continue to remain focused on further changes within China’s bitcoin exchange industry.