BTC China: Volume Up 10 Times From $5 to $50 Million
At the Inside Bitcoins conference in Las Vegas, the CEO of the world's largest bitcoin exchange, BTC China, dished out some impressive figures with regard to his exchange's growth. "Trading volume has risen from $5 million to $50 million," said head honcho Bobby Lee. Malcom CasSelle from Timeline Labs said "[BTC China is] transacting 150,000 BTC per day." On the topic of when the recent news that China was warning financial institutions from toying with bitcoin, CasSelle said that "BTC China as a business will not have problems with deposits and withdrawals", referring to the very banks....
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The world's largest-volume bitcoin exchange, BTC China, received a lift today with $5 million in Series A venture funding from institutional investors Lightspeed China Partners and Lightspeed Venture Partners. BTC China surpassed both Mt. Gox and Bitstamp in trading volume and market liquidity within the past month, and now claims the highest number of registered users. It trades 90,000 bitcoins per day, totaling over CNY 200 million ($32.8 million) in transactions daily. BTC China's CEO and co-founder, Bobby Lee, praised Lightspeed's track record and depth of knowledge in the bitcoin....
BTC China has finally surpassed Mt. Gox as the top Bitcoin exchange, passing 600,000 BTC in volume, compared to Gox's 589,000 BTC volume. Of course, things could change in the coming days and weeks, but it's still a noteworthy milestone. Bitcoin interest in China has spiked in the past month, especially after Chinese search engine Baidu announced they would be accepting payments in Bitcoin. It should be noted (as pointed out by a user on Reddit) that Mt. Gox still has the highest 30-day volume. BTC China is catching up on that front, however.
Hi, thank you for the interview. Many of our readers are not familiar with yourself. Could you please give us a brief introduction? Hello, I’m Dawei Lee, chief executive officer of CHBTC, which is one of the mainstream digital currency exchanges in China. Before founding CHBTC, I have served successively as marketing executive, product manager and operations director when worked for many Top 500 enterprises. I am a firm believer and an early adopter of digital currency, such as Bitcoin. Thank You. I’ve heard of CHBTC in passing, but could you tell us a bit more? Founded in 2013, CHBTC is....
The Nasdaq-listed cryptocurrency exchange Coinbase says the number of monthly transacting users on its platform rose to 11.4 million at the end of 2021, which was more than four times the previous year. In addition, Coinbase’s trading volume grew more than 8.5 times from the previous year, and the number of verified users has risen to 89 million. A Good Year for Coinbase The Nasdaq-listed crypto exchange Coinbase released its fourth-quarter and full-year 2021 earnings report Thursday. “2021 was a year of tremendous growth and development in the cryptoeconomy, as well as for....
China's position as the most active bitcoin trading market has come to attention again as Beijing exchange OKCoin topped daily dollar trades for the first time earlier this week. This comes weeks after Shanghai exchange BTC China highlighted that yuan trades comprised more than 70% of trading volume. As Chinese exchanges jostle for the top spot in global trading volumes, yuan trading is now three times greater than dollar trades. Analysts and exchange operators say China's dominance in bitcoin trading is largely due to macro factors like China's investment environment, but caution that....