OKCoin China Might Be Freezing All Non-Chinese Accounts, Other Platforms May Follow the Same
There are new reports of OKCoin freezing accounts belonging to international customers on its China-specific platform. The Chinese cryptocurrency market is showing signs of a major overhaul. The digital currency platforms in the country have made some drastic changes to their offerings in the recent days following PBOC’s inspection. It all started a few weeks ago after Bitcoin’s price experienced a sudden fall. The situation caused traders to panic and start logging into their accounts on cryptocurrency platforms trying to execute stop-loss trades. Unable to handle the sudden rush, the....
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Most of the Bitcoin trading volume is changing hands across Chinese bitcoin exchanges. Therefore, Chinese exchanges are feeling pressure to come up with new and innovative features to preserve their dominance and expand bitcoin adoption. OKCoin, one of China’s leading bitcoin exchanges, is attempting to do exactly that. There are a few things all Chinese bitcoin exchanges have in common. For starters, all of these platforms are exchanging bitcoin against the Chinese Yuan (CNY). Furthermore, major Chinese bitcoin exchanges such as OKCoin, BTC China, and Huobi all offer 0% spot fees on the....
Two leading Chinese Bitcoin Platforms, Huobi and OKCoin have stopped users from withdrawing their bitcoin deposits. Bitcoin is a decentralized currency, but most Bitcoin exchanges aren’t. The drawbacks of such a model are now being witnessed firsthand by the Chinese cryptocurrency community. The leading Bitcoin exchanges in the region, OKCoin and Huobi are planning to stop their customers from withdrawing bitcoin from their respective accounts. The new measures implemented by two of the country’s big three exchanges follows the increased scrutiny of the Chinese Central Bank to prevent....
Two Chinese Bitcoin exchanges, BTC China and OKCoin, have recently announced new international trading features. Earlier today, in a selfpost to Reddit, BTC China revealed their newest features: Withdrawals and deposits in both USD and HKD. Just a few days ago, fellow Chinese Bitcoin exchange, OKCoin, also announced the launch of English-language service in the form of a new website and USD deposits and withdrawals. Bitcoiners around the world will now have two new options for their Bitcoin trading. It seems that Chinese Bitcoin exchanges are now comfortable enough in their position within....
One also has to keep in mind how the US$800 mark is quite important, even more so for the Chinese. China has always been the driving force behind the Bitcoin price. Interestingly enough, it is the Chinese exchanges pushing the price well above the all-important US$800 threshold. It is up to the rest of the markets around the world to follow this lead. Them again, it is not certain the US market will get to US$800 anytime soon, as it is a major point of resistance. Many people woke up to can exciting surprise, as Chinese Bitcoin exchanges are trading at US$800 and above. Compared to the....
Following on the heels of the news that China-based bitcoin exchange BTC38 would suspend fiat-to-digital currency trading, rival Chinese exchanges OKCoin and FXBTC have received official notices from financial partners notifying them that certain accounts will be terminated. The new announcements are the latest indication that China's central bank, the People's Bank of China (PBOC), may be following through on its decision to more actively enforce prior rulings related to how domestic financial service providers can interact with the bitcoin exchanges. For example, while OKCoin was....