Sep 18, 2020 Forex News
The East Asian region is rightfully the leader in the crypto field. This region accounts for 31% of the total crypto market. This region controls 65% of the Bitcoin hash rate. And this region is actively involved in altcoin trading.
According to Chainalysis, in the East Asia region, speculative transactions with altcoins account for 16% of all speculative transactions with cryptocurrencies. While the share of Bitcoin is only 51% (the lowest rate compared to other regions). Speculative traders from Europe and America, on the contrary, prefer Bitcoin. It accounts for 66% and 72% of speculative transactions of the total volume of transactions, respectively. Altcoin transactions account for only 12% and 11% of the total, respectively.
This raises a logical question, why is there such a large gap between America and East Asia? Doesn't East Asia accept Bitcoin?
It should be said that 51% of all transactions are carried out with Bitcoin. It's just that altcoins and bitcoin give the long-awaited decentralization that users from China are waiting for.
The Chinese authorities have never treated Bitcoin with great respect since the main goal of Bitcoin and altcoins is decentralization. And the Chinese authorities are trying to continue to control all the capital in the country. China supports blockchain innovation but does not support any particular cryptocurrency. At the same time, trading in altcoins and stablecoins such as Tether does not cause problems and questions from the authorities for traders. And Bitcoin can, and under the jurisdiction of China, it can be withdrawn from investors.
Accordingly, China seeks to control the capital, creating problems for investors. Therefore, Chinese investors prefer to trade the asset that poses the least problem with the government at the moment.
Despite the short-term effect of rumors that Amazon was going to accept Bitcoin this year and the subsequent pullback, the BTC/USD pair was able to find support in the area of $36500 and start a new rally. As a result, today the BTC/USD pair was able to rise
Mar 2, 2023 Forex Forecast
Dear clients, Please note that due to Independence Day celebrated in the USA on 4 July 2022 you may experience the following changes: Monday, July 4rdMetal CFDs: trading closes at 21:30. Indices CFDs: Europe 50 (#ESX50): trading closes at 23:00; France 40 (#FCHI): trading closes at 23:00;
Jul 1, 2022 Company News
On March 13th, 2022 TenkoFX will switch its trading servers 1 hour ahead, from GMT +2 to GMT +3. The change will affect all types of TenkoFX trading accounts. In ECN, STP accounts summer time will take effect starting with the market opening on Monday, March 14th, 2022. In Crypto
Mar 10, 2022 Company News
Dear Clients, Please note that due to President’s Day in the US on February 21, 2021, trading hours for some financial instruments will be changed as follows: Spot commodities CFD:Gold (XAUUSD) - trading ends at 21:30;Silver (XAGUSD) - trading ends at 21:30;US Crude (XTIUSD)
Feb 14, 2022 Company News