Chinese Exchange BitKan Halts Signups And Limits OTC Trading For New Users
While all of these platforms are making the necessary AML changes, LocalBitcoins continues to see a remarkable volume. Chinese bitcoin exchanges are forced to make quite a few changes right now. The recent talk with the PBOC unveiled exchanges need to incorporate stricter AML rules. BitKan, one of the smaller exchanges in the country, will halt new registrations while they upgrade their AML checks. A rather intriguing decision that will force even more traders to resort to peer-to-peer trading platforms. BitKan is a bitcoin marketplace based in Shenzhen, China. On the platform, bitcoin....
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The Chinese company BitKan, which launched in 2013, has added an OTC (over-the-counter) trading feature to its app available for overseas markets. The feature is already popular in China. This follows the conclusion of its first round of funding, where it received a $2 million investment from Bitmain. OTC trading feature added. In April, BitKan received $2 million of investment from the Chinese Bitcoin mining hardware company, Bitmain in its A-round of funding, allowing it to launch over-the-counter trading via its app in May. Over-the-counter trading differs from exchange trading in that....
BitKan, an all-in-one Bitcoin service application, has announced a series of updates in an effort to improve user experience. The biggest update so far is found in the service’s mobile application, with a peer-to-peer, over the counter (OTC) trading utility. This news comes on the heels of a $1.6 million USD capital injection into BitKan by Chinese bitcoin mining giant Bitmain. What’s New with BitKan on the Mobile Front? BitKan’s mobile app, available on both Android and iOS, has the same familiar features, like price charts, news, mining pool data, and a “price alert” function that pushes....
How do people exchange local currency for bitcoin in countries like Ukraine these days? Is it easy, or do users still need to be creative with their methods? A Chinese company representative went there to find out more. Bitcoin Infrastructure is Improving Everywhere. Not so long ago, bitcoin exchange options were limited in most countries. Even online exchanges were of little use to anyone other than large-scale traders if they didn’t link to local bank accounts. Bitcoin infrastructure has improved markedly in the past few years, but there are still plenty of regions underserved. Chinese....
Four months after launching over-the-counter (OTC) trading, and fueled with US$1.6 million in funding from bitcoin mining giant, Bitmain, BitKan is looking to kick off its expansion plans starting with the U.S. "The U.S. is a large and special market target, so we are doing a lot of preparations focusing on law and localization in these three months," BitKan CEO Liu Yang told Bitcoin Magazine. "We plan to start all-sided layout in America in September." Shenzhen-based BitKan offers Bitcoin-related tools and services such as aggregated news, mining monitoring and price....
Beijing-based Bitcoin mining giant Bitmain announced last week that it has invested $1.6 million in BitKan, a Bitcoin data and trading services provider. According to the company, Bitmain is the sole investor in the Series A funding round after the angel round investment from Lanqi Venture Capital Investment last November. Based in Shenzen, BitKan initially offered aggregated Bitcoin news and allowed traders to buy and sell coins using its partner exchanges BTCChina, Yunbi and Bter, but the company recently started offering over-the-counter (OTC) Bitcoin trading services. Speaking to....