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Brazilian Exchanges in 2014: a market analysis
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Topic: Brazilian Exchanges in 2014: a market analysis (Read 530 times)
person
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Brazilian Exchanges in 2014: a market analysis
January 20, 2015, 06:06:21 AM
#1
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
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Re: Brazilian Exchanges in 2014: a market analysis
January 21, 2015, 02:25:16 AM
#2
thx for the info
http://www.bitcoin-gr.org
4411 804B 0181 F444 ADBD 01D4 0664 00E4 37E7 228E
pawel7777
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Re: Brazilian Exchanges in 2014: a market analysis
January 21, 2015, 09:59:08 AM
#3
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/
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BitCoinNutJob
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Re: Brazilian Exchanges in 2014: a market analysis
January 21, 2015, 10:44:36 AM
#4
Quote from: person on January 20, 2015, 06:06:21 AM
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
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Re: Brazilian Exchanges in 2014: a market analysis
January 21, 2015, 11:20:51 AM
#5
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.
Renewable Energy Source
Friendship
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