“As of Tuesday noon, around 58 per cent of the global trade during the preceding 24-hours occurred on exchanges trading the Chinese national currency, according to the open-source research project BitcoinAverage.  According to the aggregator of market data, China’s trading volume in the period reached 827 million yuan (HK$1 billion). Trades in US dollars account for roughly 37 per cent of global volume. Trades in euros account for slightly less than 2 per cent. No other currency accounts for more than one per cent of trade, according to BitcoinAverage.”

http://www.scmp.com/business/banking-finance/article/1371767/chinese-renminbi-dominates-global-bitcoin-trade-researchers

Did you like this?
Tip Freedomwat.ch Staff with Bitcoin

Donate via Installed Wallet Copy