CCN Catches up with the CEO of CHBTC, One of China’s Largest Exchanges
Hi, thank you for the interview. Many of our readers are not familiar with yourself. Could you please give us a brief introduction? Hello, I’m Dawei Lee, chief executive officer of CHBTC, which is one of the mainstream digital currency exchanges in China. Before founding CHBTC, I have served successively as marketing executive, product manager and operations director when worked for many Top 500 enterprises. I am a firm believer and an early adopter of digital currency, such as Bitcoin. Thank You. I’ve heard of CHBTC in passing, but could you tell us a bit more? Founded in 2013, CHBTC is....
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CHBTC has become the world’s largest bitcoin exchange when measured by volume in the aftermath of other China-based exchanges removing their no-fee trading policies. At this time, CHBTC has not implemented fees for trading the Chinese Yuan/bitcoin (CNY/XBT) pair. According to cnLedger, the exchange plans to implement trading fees at an as-of-yet undetermined time in the future. BTCC, Huobi, OKCoin and YUNBI Implement Trading Fees. Earlier this week, four of China’s largest bitcoin exchanges added trading fees to their platforms following reviews from regulators at the People’s Bank of....
CHBTC, China’s largest ETH exchange, announced Monday it will list Ethereum Classic in response to rising demand. The move reverses the exchange’s previous statement last week that it would not support ETC. The announcement on Monday noted the exchange is neutral and does not judge the values and ethics of the currency. CHBTC has stated there are risks users will be exposed to, including price fluctuation and network instability. The announcement also noted the ETC blockchain is considered to be low powered. The exchange said it will continue to maintain monitoring the situation. It urged....
In a surprise turn of events, the two largest Chinese Bitcoin exchanges have suspended Bitcoin and Litecoin withdrawals for one month. The news follows China’s central bank inspections at nine smaller Bitcoin exchanges this week. China’s Central Bank Continues to Shake Up the Bitcoin Market. Over the past few weeks, Bitcoin spectators have been closely....
Bitcoin trading volume is shifting to new exchanges, data shows. Following the decision by major China-based exchanges to end the practice of no-fee trading (at the request of the country's central bank), their lesser-known competitors have begun to claim the top spots in terms of transaction activity. In the aftermath of the big exchanges adding trading fees – BTC100 and CHBTC – two China-based marketplaces, have climbed to the number one and number two spots in trading volume, according to CoinMarketCap figures and the companies' websites. BTC100, which came out on top, enjoyed more than....
According to reddit user mkellerman: "It seems btc38.com has not been affected and is able to accept CNY deposits. I just successfully deposited 10CNY to my btc38 account using my Chinese credit card. The money appeared in my account within a minute. One bitcoin currently costs 3152CNY at btc38."Did btc38 not get the memo? Bitcoin is well off the lows trading at $614 on BTC-e. Edit: It seems that there are only two Chinese exchanges NOT accepting deposits. And according to enric on bitcointalk.org there are some large exchanges still transacting in CNY: "Also Huobi:....