CHBTC Is Now the World’s Largest Bitcoin Exchange by Volume, But It’s Unlikely to Last
CHBTC has become the world’s largest bitcoin exchange when measured by volume in the aftermath of other China-based exchanges removing their no-fee trading policies. At this time, CHBTC has not implemented fees for trading the Chinese Yuan/bitcoin (CNY/XBT) pair. According to cnLedger, the exchange plans to implement trading fees at an as-of-yet....
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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....
Bitcoin trading volume is shifting to new exchanges, data shows. Following the decision by major China-based exchanges to end the practice of no-fee trading (at the request of the country's central bank), their lesser-known competitors have begun to claim the top spots in terms of transaction activity. In the aftermath of the big exchanges adding trading fees – BTC100 and CHBTC – two China-based marketplaces, have climbed to the number one and number two spots in trading volume, according to CoinMarketCap figures and the companies' websites. BTC100, which came out on top, enjoyed more than....
CHBTC, China’s largest ETH exchange, announced Monday it will list Ethereum Classic in response to rising demand. The move reverses the exchange’s previous statement last week that it would not support ETC. The announcement on Monday noted the exchange is neutral and does not judge the values and ethics of the currency. CHBTC has stated there are risks users will be exposed to, including price fluctuation and network instability. The announcement also noted the ETC blockchain is considered to be low powered. The exchange said it will continue to maintain monitoring the situation. It urged....
Following Ethereum’s production-ready software release earlier this month, digital currency exchanges are now adding support for the native token that powers its blockchain, ether (ETH). In recent weeks, the majority of announcements have come from Asia, where exchanges in China, Japan and South Korea have all added support for ETH trading. Such actions follow the news that Bitfinex, one of the world’s largest digital currency exchanges, had added support for the digital currency on 12th March. Regional exchanges that have since announced support for ETH trading including Coincheck, CHBTC,....
While Binance has had a few issues with payment service providers and regulators from a few countries, the centralized cryptocurrency exchange is still the largest trading platform in terms of trade volume. During the last 24 hours, Binance has recorded roughly $8.6 billion in swaps and the trading platform commands the highest trade volume out of all the derivatives exchanges worldwide. Binance’s Trading Platform Towers Over Competitors The cryptocurrency exchange Binance is the largest crypto trading platform in the world, in terms of trade volume on both spot and derivatives....