15 March 2014

Bitcoin Trading Volume Concentrating in Largest Exchanges

The vast majority of bitcoin trading volume has traditionally been handled by a relatively small number of exchanges.


However, the latest data indicates that volume has concentrated even further as smaller exchanges are being pushed aside, leaving them with a much lower share of the total volume of bitcoins traded than just a few months ago.


Lost monopoly


Prior to the start of its decline in mid-2013, Mt. Gox had what amounted to an effective monopoly on bitcoin trading volume, often commanding upwards of 80-90% of total US dollar-denominated volume.


Continue reading at CoinDesk


March 15, 2014 at 02:09PM