OKCoin Restricts Bitcoin Deposits for US Customers
OKCoin has stopped accepting bitcoin deposits from customers in the US, citing regulatory pressure. US users of the Chinese bitcoin exchange see the following message when trying to make bitcoin, litecoin or US dollar deposits: "Notes: Due to regulation, we don't accept the charge from the US." The company called the measure "temporary", but offered few details when asked when the restriction will be lifted. A representative described the situation as "not very clear". OKCoin head of international Jack Liu offered additional details by email, telling CoinDesk: "The latest change is part of....
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American users of OKCoin.com have been informed that they cannot deposit USD, Bitcoin or Litecoin to OKCoin anymore. The Chinese Bitcoin exchange cites regulatory issues and also states that the ban on American deposits is temporary. OKCoin representatives have apologized for the inconvenience and confirmed that the ban is due to regulatory uncertainty. OKCoin is still allowing American users to withdraw their money and trade on their platform; however, there is no timeline for the return of Bitcoin deposits. While some American users have still been able to fund their accounts by using....
OKCoin, China's largest Bitcoin exchange and one of the world's largest digital currency exchange by volume, funding, users, and page views, announced today the launch of a new Margin Trading feature through Peer to Peer (P2P) lending. OKCoin's users will now be able to borrow and lend bitcoins and fiat as well as invest in two new interest yielding funds, the "OK Standard Fund" and the "OK VIP Fund." From today, traders will be able to borrow up to 3 times their capital or lend their funds for an interest rate and loan duration of their choice without any risk as the exchange guarantees....
OKCoin became the latest exchange to suspend XRP trading and deposits as of early next year.
Beijing-based bitcoin exchange provider OKCoin has announced its latest strategic bid to move beyond Asia's markets and serve the global bitcoin community by announcing the planned launch of its new international exchange website. The move will find the China-based company accepting USD deposits and processing USD withdrawals via OKCoin.com. OKCoin will also host servers for the new offering outside of China and provide English-language customer service. Speaking to CoinDesk, OKCoin CTO Changpeng Zhao said: "The international site will be skewed very heavily to international users in the....
Today marks a special day: The first day that newcomer international Bitcoin exchange OKCoin.com has had a higher daily Bitcoin volume than all other exchanges. In the last 24 hours, OKCoin.com has transacted nearly 16,000 BTC, compared with Bitstamp's ~14,700 BTC and Bitfinex's ~15,100 BTC. OKCoin.com is the international arm of OKCoin. OKCoin also runs OKCoin.cn, a Chinese Bitcoin exchange that also has high volume CNY/BTC trading but does not charge fees (the Chinese norm). Whether or not OKCoin's lead in 24-hour Bitcoin volume will persist until tomorrow is anybody's guess. However, it....