It was last one week ago that reports surfaced indicating that BTC China would be reinstating trading fees due to “turbulent” market conditions. The report indicated that the fees would resume effective immediately, and it seems to have not surprisingly been profitable.
According to The Genesis Block, about 340,000 BTC has been transacted since the fees were reimposed at 0.3 percent. That gives us a rough estimate that BTC China’s revenue in the past week has been somewhere in the neighborhood of whopping $1.25 million USD. Not bad for an exchange that’s dealing with some serious issues with third-party money transmitters (thanks to Chinese regulators).
Moving forward, it’s unclear just how BTC China’s revenue figures will react, but this is a noteworthy share nonetheless. Read the full report at The Genesis Block.