Bitcoin

Bitcoin Marketshare Analysis: February 2016 “The Rise of Bit-x.com”

[Vancouver Island, February 1, 2016]  @KittyBitcoin paws at the bitcoin market intelligence monthly “wool ball” with an emphasis on XBT exchange marketshare. Estimated read less than 5 minutes. Who did what – and how did it unravel?

The Rise of Bit-x.com

bit-x-screenshot
Image courtesy bit-x.com

London, United Kingdom based forex firm XBIT Ltd. is making big inroads in the bitcoin marketplace. Bit-x.com is now number six (6) world top bitcoin exchange by volume traded in January 2016. @bitx2014 doubled @Coinbase. Twice as much volume as @bitstamp. In $XBTUSD they are number three (3) after @Bitfinex and @OkCoinBTC. That’s good company. In $XBTEUR bit-x has over 34% marketshare for second overall position in BTCEUR. In $XBTGBP? 82%. Even @Krakenfx doesn’t do eighty-two percent in any large market. @Bitx2014 has moved up 4 positions from the previous month on all BTC traded worldwide – is now competing with @Bitfinex – and is Rocking with a capital R:  https://bit-x.com/

For those interested in corporate jurisdictional distribution bit-x’s website states “Site operated by BIT-X LLP, financial services provided by XBIT LTD (Belize), XBIT LP (Sweden) and XBIT K/S (Denmark)”. If the tree is planted well it may grow well.

BraveNewCoin price & volume
@BraveNewCoin’s market averages chart is a weighted average for all BTC exchanges. The popular chart for January 2016 is below:

BTC Price / Market Averages: one month

bnc-january-2016-monthly-btc-price-averages
Chart courtesy @bravenewcoin

January market average price high low open close
January high $460.06 low $360.08 monthly change $99.98
January open $431.15 close $379.17 (close calculated at data capture ~ 13:00 hours Jan 31)

Previous month
December high $471.57 low $377.72 monthly change $93.85
December open $377.72 close $432.67

The monthly volatility range $99.98 is slightly higher in January but close to December’s $93.85.

All currency pairs by exchange volume – January 2016

all-currencies-january-piechart
All other images courtesy bitcoinity.org, except as noted

All Currencies by Marketshare – January 2016

all-currencies-january-marketshare

The top four positions in total BTC traded worldwide are unchanged: @huobicom tops the monthly list for the second month in a row. @OKCoinBTC has lost only a nominal amount more marketshare, stabilizing their precipitous drop from December. @YourBTCC has seen their position eroded but maintained the same overall position, as has @Bitfinex. @LakeBTC has dropped a notch on the monthly chart.

@gatecoin has risen to number eight overall, a commendable performance for January 2016 for a brand new Hong Kong based firm. Thinking of incorporating in a bitcoin friendly jurisdiction? Consider Hong Kong special administrative region – @gatecoin is taking off.

@bitstamp and @coinbase fall to the bottom of the top ten pack on total world BTC marketshare.

@btcecom has been unceremoniously dumped from the January top bitcoin exchange list. Perhaps notably their pricing formula has also apparently changed. Previously one could count on @Btcecom having the low ball $XBTUSD price at almost any time. This is how it looks in $BTCUSD at the time of writing:

BTC-e.com highest price

btceprice
Image courtesy KittyBitcoin.com

Previous month: all currencies

Previous months - all currencies
Data courtesy bitcoinity.org

¥XBTCNY January 2016
The largest bitcoin market is ¥XBTCNY shown below. There is no positional change from last month:

btccny-january

$XBTUSD January 2016

btcusd-january

$XBTUSD December 2015

$XBTEUR January 2016

$XBTEUR January 2016
@bitx2014 @gatecoin and @coinbase are making substantial new gains in this smaller marketplace:

btceur-january

$XBTGBP January 2016
@krakenfx and @coinbase bottom out this list – but with the size of these BTC exchange giants – and the ripeness of this market – one could reasonably expect @bitx2014 could see their total dominance in $XBT Great Britain Pounds challenged soon:

btcgbp
Highest trading volume in month

highest-trading-volume-january
Chart courtesy @bravenewcoin

Previous month

2016-02
Data courtesy @bravenewcoin

The highest trading volume of the month was on Wednesday January 13 2016 with a 24 hour volume of $USD 339,550,715 million dollars of bitcoin. The previous month mark was Saturday December 12 2015 with a 24 hour volume of $USD 417,990 million dollars of bitcoin.

Archived market reports
Want to refer back to earlier reports? These may be found by searching this popular publisher or the KittyBitcoin archives at http://kittybitcoin.com/market-reports/.

@KittyBitcoin supplies mobile friendly blockchain intelligence on http://kittybitcoin.com. Their favorite color is pink and the bigger the wool ball the better.
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