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Bitcoin Trading Volume Drops on Chinese Exchanges

Finance Investment Trading

Bitcoin trading volume drops on major Chinese Exchanges after transaction fees were reinstated. After many years of no-fee bitcoin trading, the major exchanges introduced a flat fee 0.2% per transaction. NEWSBTC reports: The one-hour trading volumes across most major Chinese bitcoin exchanges took a big hit. Earlier tonight, OKCoin’s volume dropped by 89% compared to …

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Bitcoin Market is Dominated by China

Finance Investment Trading

A structural change in bitcoin market occurred over the last five years with the US dollar almost completely replaced by Chinese yuan in bitcoin trading. Yuan started playing the dominant role as most of the bitcoin transactions are taking place on the exchanges located in China. The following graph illustrates the change over time: The …

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China May Restrict Bitcoin Trading

Finance Investment Trading

China may introduce tighter regulations on bitcoin trading, that will affect and possibly restrict operation the major Chinese bitcoin exchanges. Chinese bitcoin exchanges are responsible for overwhelming majority of all bitcoin transactions. The exact share of transaction is unknown: the reported number of 95% is biased and include ‘fake’ transactions (exchange clients buying bitcoins from …

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High-Frequency Trading in Bitcoin

Finance Investment Trading

The price of a bitcoin reached $1000 in December, the level previously visited in December of 2013. The latest moves in bitcoin could be caused by active high-frequency trading. Bloomberg reports: Forget libertarians, speculative individual investors and Chinese savers trying to spirit money overseas. The reality is that professionals armed with cutting-edge technology now drive …

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