CNH/BTC: what to know
The CNH/BTC rate shows how much BTC you get for 1 CNH. Right now, 1 CNH buys 0.00000192952 BTC at the mid-market rate. In the other direction, 1 BTC is worth 518,263.39 CNH.
In the short term CNH is driven mainly by sentiment toward China and offshore flows, while BTC responds to crypto-market sentiment and liquidity.
CNH is the “offshore” version of the Chinese yuan, traded mainly in Hong Kong — hence the “H”. The supply is capped at 21 million coins.
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.