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Huobi, OkCoin, BTCC and viaBTC is set to stop trading

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China’s leading Cryptocurrency exchange – Huobi, OkCoin, BTCC and viaBTC is closing its trading

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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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Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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