#Chinese #domain market report : Banning ICOs in #China was a smart move

Domain investors in China wishing to enter speculative cryptocurrency markets were re-aligned earlier this year, after local ICO launches were outlawed.

Pan Gongsheng, executive at People’s Bank of China, has said that the Chinese regulators made the right decision:

“If we didn’t shut bitcoin exchanges and crack down on initial coin offerings a few months ago, and if more than 80 percent of the world’s bitcoin transactions and financing activities were still taking place China, which was the case back in January, what would it be like today?”

Chinese domain investors kept the Chinese domain market going through a healthy, prosperous 2017, unlike the year before that decimated prices for the popular LLLL .com range.

We keep track of domains that changed hands in China, between 1 to 4 characters, in the .CN, .COM and .NET TLDs.

Volume has remained low in recent weeks, and prices are stable. It seems that while the Chinese domain market won’t end 2017 with a bang, as it did in 2015, it will take us into 2018 in a smooth transition.

Domain investors need to keep in mind that during the first couple of months of the year, China’s domain market remains low key, thanks to the New Year’s celebrations; Year of the Dog begins on February 16th, 2018.

Here are today’s names, spanning November 8 to December 4, 2017:

That’s a total of 1258 domain names, not a great number as compared to the Golden Era of Chinese domain sales (2015.)

Copyright © 2018 · All Rights Reserved.

Leave a Reply

Your email address will not be published. Required fields are marked *

 characters available