Monday, August 21, 2017

Bitcoin Cash Trading Volumes 20 Percent More Than Bitcoin: Reasons and Trends

Bitcoin Cash Trading Volumes 20 Percent More Than Bitcoin: Reasons and Trends


While in terms of market capitalization Bitcoin Cash is still playing catch up with Bitcoin, in terms of trading volume Bitcoin-Cash has overtaken Bitcoin and currently, its trading volume is 20 percent over Bitcoin ($3.1 bln vs. $2.6 bln).

South Korea is the one country which is driving increased trading volumes of BCH. Bithumb, Coinone and Korbit account for $1.7 bln out of the $3.1 bln (55 percent of total volume) BCH trading volumes.

The increase in the USD price of BCH (From $300 a week back to over $800 currently) has also resulted in the USD value of BCH trades going up.

Unlike other countries where Bitcoin Cash is traded primarily against Bitcoin, in Korea BCH is primarily traded against the Korean Won.


Full story at http://bit.ly/2wfhPmZ


Source: CoinTelegraph


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