Bitcoin Forum
November 10, 2024, 08:09:15 AM *
News: Latest Bitcoin Core release: 28.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: China still huge - 3 biggest exchanges in volume last 24 hours are Chinese  (Read 2790 times)
granathus (OP)
Full Member
***
Offline Offline

Activity: 294
Merit: 100



View Profile
December 23, 2013, 04:17:33 PM
 #1

http://btckan.com/price shows that current ranking of Bitcoin exchanges by volume is:

1. huobi.com
2. chbtc.com
3. fxbtc.com
4. btc-e.com
5. Stamp
6. Gox
7. Btctrade.com
8. btcchina.com

So, top 3 is Chinese, and 5 of 8 are Chinese. From what I understand, they are bypassing the deposit problem by using non-corporate account to receive funds.

I hadn't even heard of any of the Chinese exchanges apart from BTCChina. Is this news to more people than me?
Dalmar
Hero Member
*****
Offline Offline

Activity: 1106
Merit: 500

Life is short, practice empathy in your life


View Profile
December 23, 2013, 04:26:30 PM
 #2

People are skeptical of Chinese BTC exchange volume numbers because of the recent OKCoin fraud. Most of the other ones could be similarly fraudulent.

Btcchina is the most legit one, and their volumes are really low compared to the past.


▄▄▄▄▄▄▄▄▄▄▄
▄▄████████████████▄
▄▄██████████████████████▄
 █████████████▀█████████████▄
▄█████████████▀ ▄█▀ ███████████
▄██████████      ▀▀  ████████████
▄█████████████   ▄▄▄   ▀▀██████████
█████████████▀   ████▄   ▀█████████▄
█████████████    ▀▀█▀▀   ▄██████████
████████████▀   ▄▄      ████████████
████████████   ▄████▄    ███████████
█████████      ██████    ██████████
█████████▄▄            ▄██████████
▀██████████  ██  ▄▄▄▄████████████
▀█████████▄▄█▄ ███████████████▀
▀██████████████████████████▀
▀█████████████████████▀
▀▀██████████████▀▀
▀▀▀▀▀▀▀

B i t c o i n t a l k   ▄▄▄▄▄

DONATION CAMPAIGN

                                     ▄
                                   ▄██
               ▄▄▄▄▄▄▄           ▄███
             ▄█████████▄        ████
▄▄▄         ▄████████████     ▄████▀
 ▀██▄▄      █████████████   ▄█████▀
  ▀█████▄   █████████████  ▄██████
    ▀█████▄  ███████████▀▄███████
     ▀██████▄▄▀▀██████▀ ████████▀
       ████████▄      ▄████████▀
        █████████▄  ▄██████████
         █████████████████████
          ████████████████████
          ███████████████████
          ███████████████████
          ██████████████▀▀▀
          ███████▀▀▀▀
          ▀▀▀▀

BE A HOPE
FOR A LIVABLE WORLD
▄▄▄█████████▄▄▄
▄▄███████████████████▄▄
▄▄█████████████████████████▄▄
▄███████████████████████████████▄
▄█████████████████████████████████▄
████████████▀▀▀▀▀██████▀▀▀▀██████████
███████████▀       ▀█▀       ▀█████████
███████████▀                    █████████
███████████                     █████████
█████████████                   ███████████
██████████████▄               ▄████████████
████████████████▄▄▄         ▄█▀▀   ████████
███████████▀▀     ▀▀█▄▄▄▄▄▄██     ▄████████
██████▀█▄                ▀▀▀█▄ ▄█████████
██████▄ █▄          ▄▄▄▄▄▄▄▀▀▄███████████
██████▄ ▀█                ▄████████████
██████▄  ██████▄▄▄    ▄██████████████
▀██████▄██████████████████████████▀
▀███████████████████████████████▀
▀▀█████████████████████████▀▀
▀▀███████████████████▀▀
▀▀▀█████████▀▀▀

ONE

little

HELP CHANGES
EVERYTHING

..DONATE..
jl2012
Legendary
*
Offline Offline

Activity: 1792
Merit: 1111


View Profile
December 23, 2013, 04:26:46 PM
 #3

http://btckan.com/price shows that current ranking of Bitcoin exchanges by volume is:

1. huobi.com
2. chbtc.com
3. fxbtc.com
4. btc-e.com
5. Stamp
6. Gox
7. Btctrade.com
8. btcchina.com

So, top 3 is Chinese, and 5 of 8 are Chinese. From what I understand, they are bypassing the deposit problem by using non-corporate account to receive funds.

I hadn't even heard of any of the Chinese exchanges apart from BTCChina. Is this news to more people than me?

Don't pay too much attention to volume in Chinese markets. They have many tricks to boost the volume. huobi.com and chbtc.com charges no fee. okcoin.com simply fakes volume: http://www.coindesk.com/chinese-bitcoin-exchange-okcoin-accused-faking-trading-data/

Donation address: 374iXxS4BuqFHsEwwxUuH3nvJ69Y7Hqur3 (Bitcoin ONLY)
LRDGENPLYrcTRssGoZrsCT1hngaH3BVkM4 (LTC)
PGP: D3CC 1772 8600 5BB8 FF67 3294 C524 2A1A B393 6517
accord01
Full Member
***
Offline Offline

Activity: 238
Merit: 100


View Profile
December 23, 2013, 05:00:16 PM
 #4

According to China, China is the #1 country in the world in everything.
granathus (OP)
Full Member
***
Offline Offline

Activity: 294
Merit: 100



View Profile
December 23, 2013, 07:16:10 PM
 #5

http://btckan.com/price shows that current ranking of Bitcoin exchanges by volume is:

1. huobi.com
2. chbtc.com
3. fxbtc.com
4. btc-e.com
5. Stamp
6. Gox
7. Btctrade.com
8. btcchina.com

So, top 3 is Chinese, and 5 of 8 are Chinese. From what I understand, they are bypassing the deposit problem by using non-corporate account to receive funds.

I hadn't even heard of any of the Chinese exchanges apart from BTCChina. Is this news to more people than me?

Don't pay too much attention to volume in Chinese markets. They have many tricks to boost the volume. huobi.com and chbtc.com charges no fee. okcoin.com simply fakes volume: http://www.coindesk.com/chinese-bitcoin-exchange-okcoin-accused-faking-trading-data/

I don't think it's fair or wise to think that all Chinese exchanges fake their trade data because OKCoin did. Also, not charging a fee isn't really relevant here. For me, these volumes coming out of China right now, is very bullish news. If the Chinese government was serious about shutting down the exchanges, we wouldn't see these volumes right now.
GigaCoin
Sr. Member
****
Offline Offline

Activity: 308
Merit: 251


Giga


View Profile
December 23, 2013, 07:24:54 PM
 #6

At the moment i'm suspicious of the Chinese volumes with the recent news and evidence of volume manipulation, hopefully in the coming weeks if more data is leaked things will be more clear.

TERA
Hero Member
*****
Offline Offline

Activity: 728
Merit: 500



View Profile
December 23, 2013, 08:11:05 PM
 #7

What the F!! I thought we were done with China. I wanted to see a natural recovery by OUR exchanges. Please just GTFO China. Good riddens!
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!