Such has been the explosive growth of Bitcoin in China that the country’s biggest exchange for the digital currency had its logo scrawled on its front entrance in magic marker until this week.
With about $60m in daily transactions, BTCChina is, as of early this month, also the world’s biggest Bitcoin exchange, accounting for nearly one-third of the global market. Not bad for a company that was officially registered only in June.
The success of BTCChina mirrors the rise and rise of Bitcoin itself. Seen by enthusiasts as a replacement for central bank-issued currencies and by detractors as a bubble and a passing fad, Bitcoin has risen some 5,000 per cent this year in US dollar terms. Surging demand from China has been one of the main reasons.
您已阅读13%（748字），剩余87%（4800字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。