Bitcoin Exchange Trading Volumes Hit All-Time High
Chart of 2-year trading volumes. Source: Bitcoinity.org. Bitcoin exchange trading volumes have hit an all-time high even as the digital currency's price closes in on a 52-week peak. According to Bitcoinity, the busiest day for exchanges to date was recorded on 26th November, when some 2.86 million worth of bitcoin was traded across all exchanges indexed by the data provider. Trading volumes have been setting records in recent weeks, with the previous peak occurring just four weeks ago, on 30th October, when 2.49 million bitcoins were traded. As trading volumes have risen, so has the price.....
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Lately, Bitcoin has been gaining momentum while the trading volumes have been growing like never before. Currently, China is leading the digital currency exchange Industry by having one of the largest concentrations of cryptocurrency exchanges and where the highest bitcoin trading volumes can be found. Most of the Chinese Bitcoin exchanges have large trading volumes. Besides the high trading volumes, some of the possible motivations leading newcomers to use Chinese exchanges are the low fees and other benefits (such as referral programs that offer up to 50%) which many Chinese exchanges....
Weekly Bitcoin trading volumes in the Philippines peso were steadily growing on Paxful this year and eventually hit a new high in July. Despite some level of regulatory uncertainty around cryptocurrency in the Philippines, one platform has recorded a massive influx of Bitcoin (BTC) trading activity recently.Bitcoin trading volumes in the Philippines have been on the rise over the past few months on the major peer-to-peer (P2P) crypto exchange Paxful.According to data from the Bitcoin tracking website Coin Dance, Bitcoin trading volumes denominated in the Philippines peso (PHP) have been....
Bitcoin trading volumes in Saudi Arabia via peer-to-peer trading platform LocalBitcoins have never been higher. For the first time, trading volumes in the desert natoin topped USD $100k in bitcoin traded over a week through the decentralized platform. According to data from Coin.Dance, trading volumes last week soared nearly 3x compared to the previous week, with over SAR400,000 in bitcoin traded during the week ending on April 15, a new all-time high. The figure is over 1.5x the previous ATH of SAR260,000. Last week’s record volume totals SAR409,998 traded in bitcoins, approximately....
Bitcoin's active addresses and trading volumes broke their previous all-time high set in late 2017.
The issue of trade volume authenticity on Chinese exchanges has surfaced again, with one user accusing the country's busiest exchange OKCoin of manipulating volumes after bitcoin statistics sites displayed a sharp drop in a short period. Chinese exchanges including OKCoin have been accused in the past of artificially inflating their trade volumes and even influencing prices by using in-house software 'trading bots'. The exchanges have always categorically denied this, saying high volumes are the result of their low (or absent) trading fees. Sudden decline in volume. Reddit user....