<p>Chinese Bitcoin exchanges don't take a fee per trade and some actually reduce the withdrawal fee if more trades were made.</p>

<p>Outside of China, exchanges usually take a fee on each trade. The volumes therefore are not really comparable, and I sincerely doubt that the actual economic activity is so much bigger in China.</p>

CC BY-SA 3.0
2017-01-15T02:28:44.150Z
2017-01-15T02:28:44.150Z
Murch
<p>I saw the following graphic listing the source as Bitcoinity claiming that the Chinese exchanges are 98% of the "global bitcoin market".</p>

<p><a href="https://i.sstatic.net/E1wbO.jpg" rel="nofollow noreferrer"><img src="https://i.sstatic.net/E1wbO.jpg" alt="enter image description here"></a></p>

<p>Is this true?</p>

CC BY-SA 3.0
2017-01-15T04:58:08.047Z
What statistic is that chart supposed to be measuring?  Volume, holdings, something else?
Nate Eldredge
<exchanges><market>
China is 98% of the bitcoin market?
Harry Pillsbury
# China is 98% of the bitcoin market?

(Asked by: username_0 on 2017-01-15)

I saw the following graphic listing the source as Bitcoinity claiming that the Chinese exchanges are 98% of the "global bitcoin market".

[![enter image description here](https://i.sstatic.net/E1wbO.jpg)](https://i.sstatic.net/E1wbO.jpg)

Is this true?

**Tags:** exchanges, market

> **Comments:**
> **username_1**: What statistic is that chart supposed to be measuring?  Volume, holdings, something else?  

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## 1 answers

### Answer by username_2 on 2017-01-15. Score: 4

Chinese Bitcoin exchanges don't take a fee per trade and some actually reduce the withdrawal fee if more trades were made.

Outside of China, exchanges usually take a fee on each trade. The volumes therefore are not really comparable, and I sincerely doubt that the actual economic activity is so much bigger in China.


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