[2013-12-15] CoinDesk: Barclays Bank Takes Deposits For New UK BTC Exchange

[bryant.coleman]

What is your point? We were talking about banks taking on bitcoin "exchanges" as customers. Several have been closed already. Fact.

How on earth do you know how many $10K deposits are made at BTC-E or MtGox? You can't possibly know that from watching "trading". The two are completely separate, you do realise that don't you?

I was talking about the average trade volume. To cross the 10K mark, one should trade ~11 BTCs. I was talking about normal people (not day-traders) who purchase all their BTCs in a single trade.

And there are only around 60,000 people who own more than 10 BTCs.

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[empoweoqwj]

What is your point? We were talking about banks taking on bitcoin "exchanges" as customers. Several have been closed already. Fact.

How on earth do you know how many $10K deposits are made at BTC-E or MtGox? You can't possibly know that from watching "trading". The two are completely separate, you do realise that don't you?

I was talking about the average trade volume. To cross the 10K mark, one should trade ~11 BTCs. I was talking about normal people (not day-traders) who purchase all their BTCs in a single trade.

And there are only around 60,000 people who own more than 10 BTCs.

You get the original thread right? It was about bank taking deposits? Daily traders are completely irrelevant to how much is being wired into or out of exchange. Capiche?

[bryant.coleman]

You get the original thread right? It was about bank taking deposits? Daily traders are completely irrelevant to how much is being wired into or out of exchange. Capiche?

Anyway I don't want to get too deep in to this. What I wanted to say is that the 10K+ transactions by a few dozen British citizens might not add that much of workload to the Barclays.