CEX.IO News Education

CNY vs. USD or How is Bitcoin Traded?

, October 6, 2014

Many of you may wonder about the currency distribution within the Bitcoin ecosystem. In order to answer this question we should analyse statistical data and compare the distribution rate of various fiat currencies. Currently, there are two different resources available for our research — bitcoinity.org and coinometrics.com — both equally reputable and trustworthy. Even though these websites do their best to provide the crypto-community with up-to-date information, in this case we see that their stats are very different. 

The pie chart from coinometrics.com obviously shows significant prevalence of the US dollar, whereas the graph of bitcoinity.org reveals extensiveness of the Chinese yuan. The question, “Why are the results different?”, automatically comes to mind. The reason for such opposite result lies in the different sources of the data. coinometrics.com, for instance, uses stats of 82 exchanges around the world, whereas, bitcoinity.org surveys a narrower number of exchanges, and therefore, not only do the numbers differ, but the results appear to be absolutely opposite.

This short analysis of the currency distribution serves as solid evidence of the necessity to continue developing the Bitcoin industry in terms of data collection. We need more precise and error-free statistics in order to make accurate analyses and predictions.


Source: coinometrics.com


Source: bitcoinity.org

By Kateryna Iesypenko for CEX.IO




Multisignature Wallets on CEX.IO

Since the introduction of Dash on CEX.IO platform, our users have received an additional option for their trading activities. Today we would like to draw your attention to the fact that we support only the multisignature wallets for DASH on CEX.IO. While they are still not used by other

Dec 13, 2017 | 2 min read

May 2023 Media Report

Between returning to the digital pages of familiar online outlets, and securing a new crop of industry awards, May saw CEX.IO receive flowers at every level for our best-in-class efforts.

Jun 06, 2023 | 10 min read

Limits For USD Withdrawals to MasterCard Lowered

Please, be aware that the withdrawals to MasterCard payment cards in USD have been lowered for Verified, Verified Plus, and Corporate accounts. The updated figures can be viewed on the Payment Options page or in the table below: Account type Verified Verified Plus Corporate Limit per transactions $2,000 $2,000

Jan 04, 2018 | 1 min read