Date
23 October 2017

China Bitcoin daily trade hits 350 mln yuan, paper says

Daily Bitcoin transaction volume in China has reached about 350 million yuan (US$57.5 million) to become the highest in the world, the 21st Century Business Herald reported late Thursday, citing several exchange platforms for the virtual currency. There are nearly 30 Bitcoin trading platforms and more than 200,000 registered users in China, the report said. Financial information provider Shanghai DZH Ltd. (601519.CN) is in talks to acquire Bitcoin trading platform Huobi.com, Houbi chief executive Li Ning was quoted as saying. The two companies may together launch financial services for Bitcoin investors, the report said.

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