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0 pointsscotty7913y ago0 comments

> MtGox would have to stumble very, very hard to create an opening for another exchange

That's not true. Largest BTC2PLN exchange bitomat.pl lost it's wallet about two years ago. Mtgox bought them with their customers, covered for the mishap and started trading in PLN with very convenient PLN money transfers. In the meantime another exchange was created bitchange.pl but after bitcoin price crash it was closed. It was reborn with same software as pln.bitcurex.pl and now has larger volume of BTC2PLN trade than mtgox. It doesn't take fee on trades though.

So multiple exchanges are possible.

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2 comments · 1 top-level

gojomo13y ago· 1 in thread

Of course they're possible... but they'll be fighting for scraps compared to the market leader with the deepest book and longest history.

The existence of an exchange operating without fees, at a domain (pln.bitcurex.pl) I can't currently resolve, based on software that once lost the operators' wallet, doesn't seem like a MtGox-killer to me.

scotty79OP13y ago

Bitomat lost its wallet and got bought by mtgox.Bitchange just closed an got reborn with same software as bicurex after a while. And it has more volume in PLN than mtgox. Probably due to the lack of trade fees (there are only small fees on withdrawals). It's also faster to get your money out of bitcurex than mtgox.

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