geerdt (OP)
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November 17, 2013, 09:11:21 PM |
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The number of bitcoin users outside the US outnumber those inside by a wide margin and the big exchanges are all located outside the US. How come the volume of BTC trades in USD is so much greater than the trades in EUR? Do EU people convert to USD before margin trading on an exchange?
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MaxBTC1
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November 17, 2013, 09:13:50 PM |
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-USD is no1 currency in the world. Everything is pegged against the dollar
-US has the largest 'rich' population in the world
-Chinese only recently overtook US with the largest exchange
-The main 'original' (see MtGox) exchanges were American
-Others but I'm tired
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BawsyBoss
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November 17, 2013, 09:36:14 PM |
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As the person before me, the USD is pretty much the mostly used currency in the world.
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Forever strong.
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DannyHamilton
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November 17, 2013, 09:57:25 PM |
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-The main 'original' (see MtGox) exchanges were American
MtGox is Japanese, isn't it? |
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tacoman71
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November 17, 2013, 09:59:47 PM |
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-The main 'original' (see MtGox) exchanges were American
MtGox is Japanese, isn't it? It's based in Japan but it's founders and employees are American aren't they? |
Feeling generous? Like my post? Leave a tip at BTC: 1NZJ8cceqEiKDZGAJged2vNGCyfFMUEYPt
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MaxBTC1
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November 17, 2013, 10:06:58 PM |
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-The main 'original' (see MtGox) exchanges were American
MtGox is Japanese, isn't it? It's based in Japan but it's founders and employees are American aren't they? You can only deposit and withdraw in USD |
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freet0pian
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November 17, 2013, 10:09:03 PM |
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Well maybe it is for now but at the rate CNY based trading is growing the chinese overlords with their renminbi could become the no 1.
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░▒▓█ welcome to freet0pia █▓▒░
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trace666
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November 17, 2013, 11:41:25 PM |
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-The main 'original' (see MtGox) exchanges were American
MtGox is Japanese, isn't it? It's based in Japan but it's founders and employees are American aren't they? You can only deposit and withdraw in USD You can deposit and withdraw not only in USD but also in EUR and JPY. |
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gooryheta
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November 17, 2013, 11:57:45 PM |
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-The main 'original' (see MtGox) exchanges were American
MtGox is Japanese, isn't it? It's based in Japan but it's founders and employees are American aren't they? You can only deposit and withdraw in USD You can deposit and withdraw not only in USD but also in EUR and JPY. You can, but do not try it  Why pay premium for buying BTC on MtGox ? |
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geerdt (OP)
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November 19, 2013, 11:18:35 PM |
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The USD is the most used currency, however, it is inconvenient for individuals in the EU to obtain USD to trade with. They probably all deposit euros. However, the magnitude of trading in USD is so much greater that I have to conclude euro users must be converting to dollars and then trade on the exchange. This may even have pushed the exchange rate slightly down inside BTC-E compared to bank rates.
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durdenBTC
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November 19, 2013, 11:25:48 PM |
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Can't you deposit EU to bitstamp or btc-e?
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kevin197
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November 20, 2013, 12:42:23 AM |
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Most of world trade is done in USD so it's just carried on into digital money.
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tenior
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November 20, 2013, 01:05:34 AM |
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