CNY/BTC: what to know
The CNY/BTC rate shows how much BTC you get for 1 CNY. Right now, 1 CNY buys 0.00000192849 BTC at the mid-market rate. In the other direction, 1 BTC is worth 518,540.45 CNY.
In the short term CNY is driven mainly by PBoC decisions and Chinese growth, while BTC responds to crypto-market sentiment and liquidity.
The Chinese Yuan (CNY) is issued by People’s Bank of China. One yuan = 10 jiao = 100 fen. The supply is capped at 21 million coins.
Over the past 12 months the CNY/BTC rate has ranged between 0.00000112570 and 0.00000251408 — a change of +52.38% versus a year ago.
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.