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Bitcoin Forum > Economy > Trading Discussion > What is the reason no one is using BTC/USD on BTCChina?
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yan33 (OP)
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January 09, 2018, 02:38:16 PM
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So I'm trying for a month now to get verified on Bitstam, Kraken, Bitfinex, and a few more.
Nothings moving.
I saw that BTCC has a BTC/USD trading pair. I sent them the documents and the confirmed me in 12 hours!
Thing is they only have a volume of a few dozen BTC per day. Not very liquid.
And I'm really curious as to why nobody is jumping on this ship when it takes forever to get verified on other BTC/USD exchanges.
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January 09, 2018, 04:19:54 PM
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the volume of BTCC is not that low. according to coinmarketcap.com it has been 17,538BTC in the past 24 hours which places it among the top 10 exchanges in BTC/USD market with highest trading volume. so people are jumping on the ship already.

but also don't forget that BTCC is based in China (Shanghai-based) and the Chinese are not usually the first choice for people to go to. and it is not easy to trust them when PBoC is coming down on them every now and then, closing and opening them as they like!
There is a FOMO brewing...
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