China’s leading Cryptocurrency exchange – Huobi, OkCoin, BTCC and viaBTC is closing its trading
BTCC China is suspending its local trading service (domestic exchange service) at the end of September.
OkCoin and Huobi
OkCoin and Huobi – the other two leading crypto exchanges are also closing its operation. Accordingly they had released statements on shutting down trading between yuan and bitcoin on their platform by October 31. However, trading between cryptocurrencies will still be available.
Though, there was a slight decline in Bitcoin price recently with the two biggest announcements from Chinese government. But the price is again backed by favorable growth – it is still soaring.
Still there is a hope
Litecoin creator – Charlie Lee had tweeted that Huobi and OkCoin will be having meeting with Chinese regulators on Friday (reported on Thursday). Furthermore, there is a still hope among Chinese traders/investors across community that regulators would “change their tune”.
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