Chinese buyers have started looking to cash in on the Chinese cryptocurrency craze in recent weeks, and the latest sign of this trend comes from a newly launched cryptocurrency auction site, CoinAgents.com.
As of Wednesday morning, the site reported, the cryptocurrency marketplace CoinAgence reports there were 5.3 million registered cryptocurrency auctions registered in China last week, up nearly 20% from the previous week.
The number of active auctions grew by 50% to over 3.5 million auctions registered, with an average bid of $2,200.
There are now multiple auction sites on CoinAgent, with a wide variety of currencies to choose from, including Bitcoin, Ethereum, Litecoin, and Dash.
There are also other crypto currencies available, like Litecoin and Bitcoin Cash.
There is also the Chinese New Year, which means the Chinese economy will be celebrating for a long time to come.
The market cap of all cryptocurrency auctions on Coinagence is $1.3 billion, with more than 60% of the cryptocurrency auctions in China.
In total, the market cap for all cryptocurrency markets is around $4.2 billion.
The crypto market is highly regulated, with some markets being more regulated than others.
For instance, most major cryptocurrency markets, like Bitcoin, are controlled by state-run enterprises, with the majority of trading being done by individual users.
However, some cryptocurrency markets have more regulatory oversight than others, including Litecoin.
For the last couple of years, many Chinese bitcoin users have been complaining about the high fees and low exchange rates of the Chinese crypto market, and have launched several ICOs in an effort to raise capital for the development of their crypto currencies.
In recent weeks there has been a flurry of ICOs, including a coin called LTCX, which is being sold on CoinGuru and has raised $6.7 million, with many investors in the crypto market.
The new coin, LTC, has raised more than $6 million from investors in China, with CoinGurus claiming that LTC is being marketed as a way for Chinese bitcoiners to secure money in the event of a major economic crisis.
The Chinese government has recently announced a $20 billion stimulus package for the country, which includes a $10 billion bailout package, and many Chinese investors have already started investing in cryptocurrency.
This is not the first time China has seen an uptick in cryptocurrency investment.
A major bitcoin exchange called BTC China, announced a series of new ICOs on Dec. 5, 2018.
The company said that the aim was to raise $1 billion to fund its new blockchain project, which will allow for bitcoin transactions to be instantly transferred across the globe.
The growth in Chinese investment in cryptocurrency has seen Chinese government officials step in to try to stem the market.
On Dec. 8, China’s Ministry of Industry and Information Technology (MINIT) released a statement announcing that all exchanges that trade in cryptocurrency must post a ban on trading.
It also announced that the Chinese government will be issuing a decree requiring all crypto exchanges to conduct regular security audits.
The Ministry of Commerce said that exchanges that offer services in cryptocurrency should also register with the ministry, which they have been required to do since 2017.