Author Topic: BitCNY Price discrepancy  (Read 2058 times)

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Offline biophil

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Vote for witnesses who provide accurate price feeds.

Not as simple as that. Trog is right - BTS has a different price in China than in the US. It'll even back out.
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Offline Troglodactyl

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Price feeds are defined in terms of BTS, and BTS has been trading higher on Chinese exchanges recently than on other exchanges.

Offline R

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Vote for witnesses who provide accurate price feeds.

Offline biophil

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I have been watching the BitCNY price slide downwards relative to bitUSD for the past several weeks. Right now, by dividing bitUSD and bitCNY price feeds, the implied bitCNY/bitUSD price is about 0.133. On the other hand, Google gives the exchange rate between CNY and USD at 0.146.

Why the discrepancy between exchange rates?
Support our research efforts to improve BitAsset price-pegging! Vote for worker 1.14.204 "201907-uccs-research-project."