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News

CNY surpasses USD in Bitcoin trading volume

Tuesday 9 September 2014 14:12 CET | News

Over 70% of Bitcoin transactions performed from early August to early September 2014 were made in CNY-denominated trades, according to intelligence issued by the Chinese BTC exchange.

Moreover, CNY-based transactions represented a volume of 3.29 million Bitcoins, while the USD had 1.07 million Bitcoins.

However, the USD is representing 47.38% of Bitcoin transactions across the globe, according to Bitcoin statistics website, bitcoinaverage.com, which also informs that CNY has a 41.65% market share.
 


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Keywords: China, CNY, USD, online payments, trade volume, exchange, Bitcoin, digital currency, crypto-currency
Categories: DeFi & Crypto & Web3
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Countries: World
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