Zero-Fee Bitcoin Trading Officially Ends in China; Begins in the UK
Following inspections from People’s Bank of China, the Big Three Chinese exchanges have halted margin and zero-fee cryptocurrency trading. The End of the Beginning? Bitcoin’s surge in price at the beginning of 2017 caught the attention of the Chinese government, which has been fighting tooth and nails against capital flight in the country, restricting foreign investments and gold importations. Given that an overwhelming majority of the Bitcoin trading volume comes from China, the government has now turned its eye towards the cryptocurrency industry. The warnings and subsequent inspections....
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BTC China has reinstated trading fees in an attempt to combat market manipulation. BTC China has, after 3 successful months, has decided to resume trading fees. For a few weeks now, because of 0% trading fees, BTC China has consistently been the highest volume BTC exchange. Trading fees will be 0.3%, the announcement reads: Dear BTC China valued customer: To stabilize the recent turbulent Bitcoin market and minimize potential market manipulation, BTC China will end the 0% trading fee promotion, effective immediately, and revert to the 0.3% trading fee. We deeply apologize for the sudden....
Known as one of China's 'big three' exchanges, Beijing-based Huobi experienced a meteoric rise to the top tier of China's bitcoin industry last year, emerging as newcomer and growing to become a market leader with more than 100 employees. Since that early success, Huobi, like other China-based exchanges, has struggled to control its international perception. Huobi has had to fight off rumours it was faking trading volumes in a bid to attract users. Further, the future and stability of its business were called into question by China's central bank, which has moved broadly to discourage....
The Year of the Horse is almost upon us! In Japan it began on 1st January, but now all eyes are turning to China, which begins the new year as influential and unpredictable as ever. Will tomorrow's date have any influence on bitcoin's value? If so, why? In clamping down on bitcoin exchanges last December, the People's Bank of China set the first day of Chinese New Year (officially 31st January) as the deadline for bitcoin exchanges to completely sever ties with third-party payment processors. Payment companies were given a verbal warning during a meeting with People's Bank officials in the....
Major Chinese exchange BTC China just enabled Litecoin trading at an unbeatable 0% fee! BTC China's official announcement reads as follows: Dear Customers, We are very excited to introduce BTC China's new member - Litecoin! Bitcoin grew tremendously in 2013, while another virtual currency has also made considerable progress - Litecoin. It gradually gained recognition from the Bitcoin enthusiasts. By popular request, we have now added Litecoin trading to BTC China's trading platform. In addition, Litecoin trading will have 0% trading commission! As a responsible trading platform and a....