Bitcoin trading volume rises in Hong Kong

The surge in Bitcoin in the past month has made all players and investors excited. The more than doubled increase has attracted players from all over the world to join, and the trading volume in the Hong Kong market also increased significantly last week.

Bitcoin is called BitCoin in Hong Kong. The online trading platform BitTorrent is the first online platform in Hong Kong to provide BitCoin transactions. According to the latest data from BitTorrent

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• 35.com

According to the data, the price of Bitcoin in Hong Kong almost doubled last week, from less than HK$1,600 on November 4 to a peak of HK$3,122 on November 9. Mr. Yuan, the founder of BitTorrent Hong Kong, said that the Bitcoin transaction volume of the website soared 5 to 6 times at the end of October compared with two months ago, and the upward trend became more obvious in November, which shows that Hong Kong people are becoming more and more interested in Bitcoin.

According to statistics from Genesis Block, a digital currency research center, the transaction volume of China's Bitcoin market has increased significantly. Bitcoin Magazine described the Bitcoin market as being dominated by China, and the transaction volume in the mainland is larger than that in Europe and the United States. Currently, the transaction volume of Bitcoin China, the first RMB-to-Bitcoin exchange platform in the mainland, is almost equivalent to the transaction volume of the two major international platforms, Mt.Gox and Bitstamp, a Slovenian trading platform.

Baidu's Accelerator began accepting Bitcoin payments in October. Yuan believes that electronic giants like Baidu have professional knowledge, and the participation of Internet companies will bring positive impetus to the development of Bitcoin. The domestic A-share listed company 35.com recently announced its involvement in the Bitcoin industry, which also fueled the enthusiasm for investing in Bitcoin.

A spokesperson for the Hong Kong Monetary Authority pointed out recently that based on observations, the use of Bitcoin is not widespread in Hong Kong and related transaction data is not collected. Like many other countries and regions, Hong Kong currently has no laws to regulate virtual currencies such as Bitcoin, but it will always pay attention to its use in Hong Kong and the development of overseas supervision, and consider the need to establish a regulatory mechanism.