06 May '13, 3pm

$1 Billion in Bitcoin Was Traded in April—16 Times the Previous Record

$1 Billion in Bitcoin Was Traded in April—16 Times the Previous Record

In April, $1 billion worth of bitcoins was traded across all exchanges, according to an aside in the complaint bitcoin startup Coinlab just filed against the world’s largest bitcoin exchange, Mt.Gox . Just a month prior, only $60 million in bitcoin was traded, estimates Jeremy Liew , a managing director at Lightspeed Venture Partners. Look at the graph here , which plots data from the bitcoin blockchain itself, which means it’s a direct measure of trade volume and not an estimate: trade volume goes absolutely nuts in April. And in the first three days of May? The story remains unchanged. Clearly, some very big players are exchanging huge amounts of bitcoin—on a scale never before seen in the history of this virtual currency.

Full article: http://www.nextgov.com/mobile/2013/05/1-billion-bitcoin-w...

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