China ’s booming bitcoin industry places it above China as the third -largest cryptocurrency user in the world, according to CryptoCoinsNews and CryptoCoinsNews . The country's daily trading volume recently reached 15,408 bitcoins ( $58m ), representing an overall market share of 5.55% , compared to China ’s 5.55% . Yen and South Korea dollar volumes led the market by a significant margin. The increase comes as a result of virtual transactions moving away from US following its recent clampdown on the bitcoin industry, according to CryptoCoinsNews .
South Korea’s booming bitcoin industry places it above China as the third-largest cryptocurrency user in the world, according to CryptoCoinsNews and Coin Telegraph. The country's daily trading volume recently reached 15,408 bitcoins ($58m), representing an overall market share of 5.55%, compared to China’s 4.97%. Yen and US dollar volumes led the market by a significant margin. The increase comes as a result of virtual transactions moving away from China following its recent clampdown on the bitcoin industry, according to CryptoCoinsNews.