user38150: I saw the following graphic listing the source as Bitcoinity claiming that the Chinese exchanges are 98% of the "global bitcoin market".

Is this true?

user5406: Chinese Bitcoin exchanges don't take a fee per trade and some actually reduce the withdrawal fee if more trades were made.
Outside of China, exchanges usually take a fee on each trade. The volumes therefore are not really comparable, and I sincerely doubt that the actual economic activity is so much bigger in China.

38150: <p>I saw the following graphic listing the source as Bitcoinity claiming that the Chinese exchanges are 98% of the "global bitcoin market".</p>

<p><a href="https://i.stack.imgur.com/E1wbO.jpg" rel="nofollow noreferrer"><img src="https://i.stack.imgur.com/E1wbO.jpg" alt="enter image description here"></a></p>

<p>Is this true?</p>
 5406: <p>Chinese Bitcoin exchanges don't take a fee per trade and some actually reduce the withdrawal fee if more trades were made.</p>

<p>Outside of China, exchanges usually take a fee on each trade. The volumes therefore are not really comparable, and I sincerely doubt that the actual economic activity is so much bigger in China.</p>
