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Out of curiosity, how big is Mt. Gox compared to the other bitcoin exchanges?
by william42 15y ago
Out of curiosity, how big is Mt. Gox compared to the other bitcoin exchanges?
- bskari 15y agohttp://www.bitcoincharts.com http://www.bitcoincharts.com lists the daily trading volume of various exchanges. I think the numbers for Mt. Gox represent the volume before things went sour, so based on that, Mt. Gox sees almost 30 times the volume of the next largest exchange.
- rmc 15y agoMtGox has about 90% of the bitcoin change market.
- dedward 15y agoI'm probably thinking of something different - but wasn't it clear in the bitcoin protocol itself that if a single actor controlled a majority percentage of the bitcoins out there, the model falls apart and is at risk?
- rmc 15y agoSorry, we have our wires crossed. You can still transfer bitcoins from one person to the other. An exchange is a website that allows you convert bitcoins in USD. MtGox controlled about 90% of the BTC↔USD conversions.