Re: BTCchina's announcement of new payment processor

Check http://btckan.com/price
to see the main chinese exchanges.
From wednesday huobi.com is the first of china and of the world in volume

right now in china
Huobi.com 109300
chbtc.com 54760
btcchina.com 45671
okcoin.com 31946
fxbtc.com 24924
btctrade.com 19015

Great website - never seen it before. Good summary of the big exchanges worldwide, price and volume comparisons.

But where the heck did huobi.com come from to be number 1 so quickly??

because huobi accepts cny deposit while btcc and okcoin don't

So we shouldn't expect that to last much longer?

I sent a deposit to Huobi today. They are taking deposits via direct bank card. There is no way they will be able to continue this long-term. At the moment, they are simply cashing in until the government forces them out. They are making bank though.