BTC China

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BTC China is a trading center for bitcoins and was founded in 2011. BTC China is based in Shanghai , with Bobby Lee as CEO.

Measured in terms of trading volume (approx. 45% of the global volume, as of mid-December 2013), BTC China temporarily took the leading position among all trading venues. On December 18, 2013, BTC China announced that it would no longer accept deposits in the Chinese national currency Renminbi (CNY). The prices on all Bitcoin trading venues then collapsed massively. On BTC China, the price temporarily fell to a value of just over 2000 CNY, less than a third of the all-time high of almost 7600 CNY two weeks earlier. In the period that followed, the volumes on BTC China also decreased significantly. At the beginning of August 2015, BTC China was the world's second largest trading center for Bitcoins with a share of around 21%. On September 14, 2017, BTC China announced that it would end trading bitcoins at the end of the month after regulators requested it.

Individual evidence

  1. ↑ a b China drops Bitcoin price massively , The Wall Street Journal of December 18, 2013
  2. ↑ Market overview on bitcoincharts.com ( Memento from December 4, 2013 in the Internet Archive )
  3. ↑ Chart of the BTC China trading center
  4. ↑ Exchange volume distribution on bitcoincharts.com , accessed August 5, 2015
  5. ↑ Mega exchange from China stops trading in Bitcoin. In: Spiegel. September 14, 2017. Retrieved September 17, 2018 .

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