BTC China Surpasses Mt. Gox, Becomes Top Bitcoin Exchange
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.
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BTC China has become the world's biggest digital currency exchange having handled a greater volume of bitcoins in the past week than Mt. Gox and Bitstamp. More than 109,841 bitcoins have been exchanged on the site in the past seven days, compared with 93,372 on Bitstamp and 76,673 on Mt. Gox, according to data from Bitcoinity.org. In the past 24 hours alone, BTC China has processed 36,104 bitcoins, compared with Mt. Gox's 24,913 and Bitstamp's 23,214. Bobby Lee, CEO of BTC China, said: "It's an honor to see that BTC China has been propelled ahead to number one in the worldwide rankings.....
Bitcoin trader using BTC China services? There's some good news in store for you. The BTC China team announced on Wednesday that they are reducing their withdrawal fee effective today for all customers. "From popular demand, and to benefit our customers, starting from July 16, 2014, we have reduced our withdrawal fee from 0.5% down to 0.38%," the company wrote on their blog. That's a 20 percent drop, for those keeping track. On Reddit.com, a company representative added, "we have decided to lower our withdrawal fees due to our users' high demand as well as to benefit our loyal customers."....
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....