Is that a lot of volume? That means coins trading hands, maybe some of those protestors are preparing for an exit, a Plan B ... with B for Bitcoin.
I'm not sure to be honest. It is about 1.7 Million USD. Of course they are only counting the volume of 1 platform, so Im sure the actual value is much higher than that.
Interest in Bitcoin seems to be booming in Hong Kong. LocalBitcoins recorded its highest trading volume ever in the city-state this past week.
About $13 million HKD exchanged in the last week.
Article source13 million HKD is not a great volume for a rich place like Hong Kong. It's around 1.7 million in USD at the current exchange rate! I am sure some people are trying to safeguard their wealth amidst the ongoing protest because China can go to any extent to immobilize the protesters!
Bitcoin/cryptos are the only way to hide their wealth from the regulatory authorities who might intervene to seize the wealth of the protesters to keep them out of the entire game!
Yeah, Most probably that is the reason for shifting to cryptocurrency. It is the trading volume for just 1 platform, so Im sure the figures must be much higher than that.