Bitcoin-Yuan is traded 8 out of 10 times on Bitcoin exchanges globally

A recent report released by the world’s leading investment bank Goldman Sachs has revealed that the currency pair Bitcoin-Yuan comprises of 80% of the global trading volume on the Bitcoin exchanges. The report titled, ‘The Future of Finance: Redefining The Way We Pay in the Next Decade,’ was written by payments analysts at the bank’s research division, James Schneider and SK Prasad Borra. The second highest traded currency pair is BTC/USD.
However, the report failed to touch upon the fact that Chinese exchanges often don’t charge any fee for trading, leading to a spurt in trading activities.

This post was published at NewsBTC on Mar 12, 2015.