After the massive eruption in the Bitcoin market over the past weeks because of negative news from China, it appears that Bitcoin transaction volume has shifted out of China. South Korea has passed China in total Bitcoin trading volume today, as reported by Joseph Young via Twitter. Young’s Twitter post indicates the shift:
"Today, South Korea surpassed China in #bitcoin trading volume. South Korea's Bithumb processes more volume than Bitfinex + Bittrex."
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