Okcoin just passed Huobi in trading volume

[Trading]

http://www.bitcoinity.org/markets/list?currency=ALL&span=7d


Since I don't trade on either one, I don't have a clear explanation for this data.

[El Dude]

Probably faked data , the only trustworthy exchange in hina is btc china.

[zimmah]

since when did bitfinex become more popular than bitstamp? Or is that just the effect of leverage?

[DolanDuck]

I didn't know BitStamp had only the 7.50% of market share, okcoin has an amazing trading volume but I wonder if it's real or fake.

[Siegfried]

http://www.bitcoinity.org/markets/list?currency=ALL&span=7d


Since I don't trade on either one, I don't have a clear explanation for this data.

OKCoin data was not included on Bitcoinity until one week ago.

[Siegfried]

Probably faked data , the only trustworthy exchange in hina is btc china.

Is there a good reason to think that BTC China is the only trustworthy exchange in China and that all other Chinese exchanges have fake data?

[Siegfried]

I didn't know BitStamp had only the 7.50% of market share, okcoin has an amazing trading volume but I wonder if it's real or fake.

Huobi and OKCoin have zero trading fees, Bitstamp and the other non-Chinese exchanges do. Anyone in the world who wants to do high frequency trading, not only Chinese traders, will use Huobi or OKCoin.

[Trading]

I know Okcoin wasn't included, but I thought they had much lower volume than Huobi.

[Siegfried]

I know Okcoin wasn't included, but I thought they had much lower volume than Huobi.

That was the case until March, when it came on very strong for some reason.

[Trading]

since when did bitfinex become more popular than bitstamp? Or is that just the effect of leverage?

Bitfinex and bitstamp have been changing position between them as the first western/USD exchange. Usually, Bitstamps leads, but some of its volume is made by Bitfinex users, since you can trade at bitstamp using Bitfinex. So, Bitfinex is probably the biggest western (I call it western because is managed by europeans, but it's incorporated at Hong-Kong) exchange in volume.

[bryant.coleman]

Both okcoin and huobi are infamous for inflating their trade data (bitfinex and anxbtc are not far behind). The real trade volumes might be 10% of what they are claiming. 

http://www.ibtimes.co.uk/chinese-bitcoin-exchange-accused-faking-trade-data-1430122

[Trading]

That story has been around for some time.

It's clear that OKcoin did that in the past and paid the price in reputation. But since this, I never again saw any evidence of fake volume. I follow Huobi trading a lot and their volume seems clean.

Of course, since trading is free (they were talking about implementing a fee), that allows for a rate of trading much faster than in western paid exchanges. In other terms, the velocity of trading, using the same amount of coins, is much higher.

[keithers]

OKcoin has been putting up huge volumes for some time now. They also have massive LTC volume. If you just look at it today, their volume is as much as Huobi and bitstamp combined..