Brazilian Exchanges in 2014: a market analysis

[person]

I've created a report on the status of the Brazilian Market and it's largest exchanges.

In a nutshell, trade volume was around US$ 16.7M/yr with a volume greater than 31K BTCs.

It may be a drop in the ocean compared to other markets (USD, EUR or China) but it shows signs of continual growth over the last 6 months.

Quick view:

(large image: https://i.imgur.com/4gha3Ui.png)

PDF download (English): http://bitbolsa.tk/BitBolsa_2014_BRMarket_en.pdf
PDF download (Portuguese): http://bitbolsa.tk/BitBolsa_2014_BRMarket_pt.pdf

[chek2fire]

thx for the info

[pawel7777]

Thanks for sharing. Interesting read.

The volume is indeed very low, but that only means there's a lot of room for growth. Hope BTC will get some more attention.

Found some article from October explaining problems with adoption in Brazil:

http://www.coindesk.com/brazil-bitcoin-market-ignite/

[BitCoinNutJob]

In a nutshell, trade volume was around US$ 16.7M/yr with a volume greater than 31K BTCs.

It may be a drop in the ocean compared to other markets (USD, EUR or China) but it shows signs of continual growth over the last 6 months.

Yeah and thats over a brutal year long bear market, imagine what the volume would be on an uptrend.

[Q7]

Looks good. There are certainly rooms for more growth and it shows progressive adoption of bitcoin in other parts of the world. Hope to see the trend continues.