Huobi and Okcoin to Close Operations on October 31

“On September 30 we will inform all users about stopping our trading services,” explains Okcoin and Huobi’s announcement.

On October 31, in turn, we will gradually stop all the digital asset exchange operations associated with the RMB trading business.

Following the announcements from Huobi and Okcoin the price of bitcoin spiked in value reaching $3,640 across global exchanges after dipping below $3K earlier this morning. The extreme comeback has astonished traders as the decentralized currency climbed over $600 in less than an hour.

Huobi explains to its users that this is not the end of blockchain technology and bitcoin in China stating, “such a decision is not the end, but a new beginning, the industry is more healthy and this is more development of the beginning of compliance, coins will continue in the premise of compliance, for our users.”

Source: https://news.bitcoin.com/bitcoin-markets-rebound-as-more-chinese-exchanges-plan-to-close-operations/

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