As Protests In Hong Kong Surge, So Does Demand For Cryptocurrency

Initially, as protests broke out around mid-June, Bitcoin traded at about a $160 USD premium on TideBit, a Hong Kong based exchange. As protests have worn on, that premium still persists, with the latest price of Bitcoin on TideBit at $11477.34 USD, about $80 USD higher than the current rate on Coinmarketcap. This is not altogether uncommon on Asian exchanges, especially ones that are trading in uncommon currency pairs which may face some capital controls (Korean-based exchanges that trade in Korean Won, for example, typically see large price premiums from the average global rate) -- yet it does show a continuing demand for Bitcoin in Hong Kong.


Sign In or Register to comment.