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The US dollar dominates BTC-fiat trading, new research finds

From bitcoinist.com

According to a new report called “Detailed Report Into The Cryptocurrency Exchange Industry” released by CryptoCompare, the US dollar represents half of the BTC-Fiat trading on average throughout the last 30 days. And while the USD is dominating the market as it is, the other two leading currencies are the Japanese Yen (JPY) and the Korean Won (KRW), which represent 21 and 16 percent respectively. It’s noteworthy, though, that previously BTC to KRW trading represented only a tenth of bitcoin trading among the top 5 fiat currencies on average. Yet, the report outlines a major spike in BTC to KRW trading between ... (full story)

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  • Category: Fundamental Analysis