Chinese exchanges still have the biggest volumes, China is still the biggest BTC market
No they dont.
No its not.
[i m g]https://btcoins.files.wordpress.com/2017/01/china-new-curr-3.png[/img]
Thats the latest extrapolation after PBoC forced chinese exchanges to drop their pants down.
Come on - this chart lumps all USD exchanges together. Today OKCoin has had so far 20K volume - which exchange had more? Maybe the Japanese ones - but those are again zero-fees unreliable data. The same thing with the market share - CNY is pretty much only used in China - USD is used in all national markets.
well first of all who is to say Chinese exchanges aren't still reporting fake volumes? they were reporting billion dollar daily volumes not so long ago!
also you have to consider that many countries don't yet have an established and good exchange service and they trade bitcoin either on USD/EUR markets which we can see on the charts and a very big volume goes into localbitcoins and off the charts which we can never see on any chart here or anywhere else.
i my self have bought a lot of bitcoins using local currency and nobody knows because it was p2p since there is no exchange here.