Effects of transaction charges per trade in China market

[lordquanta]

Most of us may be aware of this information that China is about or might have imposed trading charges per bitcoin transaction. Effects of this news were/are imminent. Looks like everyone is in 'wait and watch'.  This move from the Chinese goverment might be boon for  bitcoin market. As traders will be more observant while trading.
What are your opinions about effects this move?

* Check the huobi market[1], either there is very less trade happening or site has a problem.
* Check the OKCoin[1], which shows more trading

[1]https://bitcoinwisdom.com/markets/huobi/btccny
[2]https://bitcoinwisdom.com/markets/okcoin/btccny

[1715676185]

1715676185

[Amph]

could be that the fee added to chinese exchange is because they need to pay more tax now after the government entrance to their activity?

anyway i think the chinese are just waiting that everything is settled before entering in play again, the market look stagnant again now

if you try to compare old stagnation with this you can come up with the same amount of activity in those chinese exchange

[pooya87]

Most of us may be aware of this information that China is about or might have imposed trading charges per bitcoin transaction. ~

it was never a might, never a possibility, it was in fact a sure thing. as soon as PBOC started looking at them and ordered them to stop more than half of their services they had to make some chances and surely enough they added a 0.2% fee on each trade just like any other exchange out there.

and by the way it is not fee per bitcoin transaction it is fee per trade (or order).

[noel2123]

We all must know what are happening in this world. Like in this kind of transactions charges per trade in China market, we all know that China market must be one of the highest traders in the world. China market will be one of those walls in tradings, but if there is a transaction charges, will China market will go on thru?

[lordquanta]

We all must know what are happening in this world. Like in this kind of transactions charges per trade in China market, we all know that China market must be one of the highest traders in the world. China market will be one of those walls in tradings, but if there is a transaction charges, will China market will go on thru?

This will definitely affect the high volume trades in general. Earlier there was no concern about volume or number of trades traded. This was not available to the other bitcoin markets. Still China is has top bitcoin exchange markets. It would not have happened in first place if china's currency plans got disturbed by chinese people preferring bitcoin. This reaction could be seen as one example what would happen if bitcoin poses to be a capable option or be a threat to the currency of a country.