44% of trade volumes means nothing.
BTChina had 0 fees , meaning that it encouraged bots and fast trades.
With 0 fees , 10 btc and a bot I alone can surpass Mtgox trading volume.
Yes, and using a bot, 1000 BTC or whatever, and 0% trading fees, you could probably bid the price of Bitcoin up 2 da fkn moon, which possibly explains what was happening?
It's a good theory until you realize that they had tons of RMB on the actual exchange UNTIL the banking ban.