About this pair
BTC/CNH: what to know
The BTC/CNH rate shows how much CNH you get for 1 BTC. Right now, 1 BTC buys 518,762.57 CNH at the mid-market rate. In the other direction, 1 CNH is worth 0.00000192766 BTC.
In the short term BTC is driven mainly by crypto-market sentiment and liquidity, while CNH responds to sentiment toward China and offshore flows.
The supply is capped at 21 million coins. CNH is the “offshore” version of the Chinese yuan, traded mainly in Hong Kong — hence the “H”.
Because this pair involves a cryptocurrency, expect much higher volatility than typical fiat pairs. Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.