OKCoin.com Had Higher Daily Bitcoin Volume Than Bitstamp and Bitfinex Today
Today marks a special day: The first day that newcomer international Bitcoin exchange OKCoin.com has had a higher daily Bitcoin volume than all other exchanges. In the last 24 hours, OKCoin.com has transacted nearly 16,000 BTC, compared with Bitstamp's ~14,700 BTC and Bitfinex's ~15,100 BTC. OKCoin.com is the international arm of OKCoin. OKCoin also runs OKCoin.cn, a Chinese Bitcoin exchange that also has high volume CNY/BTC trading but does not charge fees (the Chinese norm). Whether or not OKCoin's lead in 24-hour Bitcoin volume will persist until tomorrow is anybody's guess. However, it....
Related News
OKCoin made company history today, when its international exchange became the world's most active bitcoin-to-dollar trading platform over a 24-hour period. The company posted a USD trade volume of 16,342.42 BTC over the most recent 24-hour period on its site, compared to Bitstamp's 14,463.93 BTC, Bitfinex's 15,552.2 BTC, and BTC-e's 6,556.18 BTC. While OKCoin has been ahead of BTC-e for the past week, it is the first time the exchange has topped Bitstamp and Bitfinex, which are commonly regarded as the world's most popular. Higher numbers on Chinese exchanges refer to BTC/CNY volumes.....
Two more exchanges, OKCoin and itBit, have been added to CoinDesk's USD Bitcoin Price Index. These additions will be live as of 15:00 GMT today, the 25th November. Both exchanges see a significant amount of USD-BTC trade. OKCoin's US dollar trading volume over the 30-day period ended 11th November stood at 280,279 BTC. This figure amounts to 17.44% of the total volume on exchanges tracked by the BPI, according to data from Bitcoinity.org. The same measure for itBit stood at 57,727 BTC, or 4.17% of total volume. The other exchanges tracked by the BPI are Bitstamp, Bitfinex, BTC-e and....
Earlier this month, bitcoin had one of its best weeks since August 2014, as the price of bitcoin peaked US$500 in international exchanges, including OKCoin, BTCC, BitFinex and Bitstamp. However, bitcoin price immediately began to plummet, falling back down to US$356 at today's low, recording a nearly 30% decline since its peak on November 5. As a result, the trading volume of prominent Chinese bitcoin exchanges including OKCoin have almost halved over the past week. OKCoin, the world's largest bitcoin exchange (by trading volume) suspects that the slowdown in bitcoin trading activity in....
OKCoin was founded in 2013 by receiving a US$1m Angel Investment from Ventures Lab and Silicon Valley Venture Capitalist Tim Draper. In December 2013, OKCoin closed a Series A round of funding in which it received US$10m. In early March 2014, OKCoin reached a BTC transaction volume of roughly 293,000 BTC and an LTC transaction volume of roughly 12.9 million LTC. This is the highest crypto-currency transaction volume that any exchange, the world over, has ever had. kongThe OKcoin system was able to deftly handle this volume without any issue until today. It seems that today in the early....
Matching our analysis, Bitcoin price plunged to near $500 BTC/USD today. That is if you were looking at the Bitstamp exchange price. BitFinex, on the other hand, saw $460 followed by a return to $500 only to slam down to $451 a few seconds later. Is this the result of some systemic error or perhaps manipulation being exercised via the BitFinex exchange? Could it be that some early adopters are cashing out, or perhaps the news? Far from it, as the following explanation will clarify. BitFinex is one of the few major exchanges that offers traders the option of margin-based trading. The others....