[2016-06-05] Chinese 24-hour Trading Volume Nears 1m Bitcoin As Price Recovers

[jdebunt]

On the Chinese side of the scale, trading volume has been slightly dipping compared to a week ago. However, there is still over 750,000 BTC traded on a daily basis, which is far more than all of the other markets combined. Moreover, over the past 24 hours, nearly 1 million Bitcoin has been traded against in CNY markets.

http://themerkle.com/chinese-24-hour-trading-volume-nears-1m-bitcoin-as-price-recovers/

[aoihs00]

China actually move more than 90% of btc... I hope is a good sign!

[aso118]

These trading volumes are unreliable. With 0% transaction volumes, a couple of people can generate volumes of 1m (at no cost) by trading amongst themselves.

[1Referee]

These trading volumes are unreliable. With 0% transaction volumes, a couple of people can generate volumes of 1m (at no cost) by trading amongst themselves.

Nothing new. This has been happening for more than a year now. But then again, not only Chinese exchanges are doing this. Basically every decent exchange is trying to make its volume look higher than it in reality is.

[hv_]

Chinese just know how to attract business: with low fees....