Chinese Exchange Huobi to Commence Trading Litecoin
China's busiest bitcoin exchange, Huobi, has announced it will start trading litecoin on 19th March, however, the company's users can begin uploading litecoins to their accounts starting today. Huobi is said to be finalizing tests for implementation before regular trading commences. The litecoin price on BTC-e took a sudden leap earlier today - very likely as a result of the Huobi announcement. Huobi co-founder Jun Du said the company only considered implementing litecoin after careful deliberation and would provide the same business support and services it already does for bitcoin. A....
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Chinese bitcoin exchange Huobi has announced on their website plans to begin support for litecoin trading beginning on the 19th of March. With an estimated 20 percent of the exchange's user base saying that have money in litecoin, the company said they decided to add the functionality after careful consideration. The move comes not terribly long after Huobi's competitor BTC China announced the availability of litecoin trading with no commission, a move that is designed to keep up with the growth of the number two most popular cryptocurrency. Canada-based VirtEx also added litecoin trading....
Chinese Bitcoin Exchanges: Litecoin Price Volatility Driving Bitcoin Gains, Not Chinese Stock Market
Over the past several days, investors have witnessed sudden gains in volume and extreme price volatility for litecoin. In the last week litecoin has gained over 79 percent against bitcoin, 88 percent against the U. S. dollar and 90 percent against the euro and the yuan. Much of the rapid increase in volume around litecoin trading was coming from Chinese markets, which is cause for concern at Huobi, a major digital currency exchange based in Beijing. According to Arthur Hayes, the Cofounder and CTO of BitMEX, a litecoin ponzi scheme may have caused both bitcoin price and volume increases on....
Starting tomorrow, China’s largest bitcoin exchanges will begin charging trading fees at a flat 0.2 percent for every transaction. The changes stemming from the People’s Bank of China’s involvement in bitcoin trading activity between China’s biggest bitcoin exchanges continue. Within days of BTCC, Huobi and OKCoin formally announcing the halt of margin or leveraged trading for Chinese users, the three exchanges will now begin charging traders a flat fee of 0.2% per transaction. An announcement from BTCChina this Sunday read that charging fees for bitcoin and litecoin trading will commence....
Digital asset exchange Huobi Global has revealed its intention to exit the Chinese Market. The crypto trading platform with Chinese roots said it will stop processing transactions for existing users on the mainland by the end of the year. Huobi Global Halts Services in the People’s Republic Crypto exchange Huobi Global is going to discontinue services for users based in mainland China this month. In a statement quoted by the English-language Chinese TV channel CGTN, the company announced on Sunday that starting from 11:00 a.m. Beijing time on Dec. 14, users in the People’s....
While everyone was preoccupied with bitcoin price drops after last Friday's 'fake Chinese bitcoin ban' news incident, something even more dramatic was happening at China's largest exchange, Huobi, and its new litecoin trading system. A 'flash crash' on the exchange saw the price plunge to just 1 RMB (Chinese yuan) a short time after a hoax news report of a complete government ban on digital currencies was posted on microblogging site Sina Weibo and reported by Sina's financial news service. The number of trades executed at that price is unknown, as is the total amount of money lost -....