[2019-12-02] 5 Small Chinese Crypto Exchanges Shut Down in November 2019 - page 2.

TRONTON

sr. member

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Quote from: mohdk52 on December 03, 2019, 11:58:44 AM

How many exchanges are left? If there are more than 10 left, it is only the consequences of competition.

Internal pressure from the government makes them unable to survive, exchanges such as binance, huobi and okex have even moved their company licenses first.

There is almost no competition for crypto exchanges in China because the government remains in a position to ban it. Companies (biss) who seem to want to cooperate fully are also still not getting positive results and are dragged into other new cases.

mohdk52

newbie

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How many exchanges are left? If there are more than 10 left, it is only the consequences of competition.

jdebunt

legendary

Activity: 1596

Merit: 1010

Quote from: mindrust on December 03, 2019, 08:06:02 AM

They should close most of those so called big-volume Chinese exchanges too. Most of them have fake volume anyway. It seems these were so crap they couldn't even afford to pay for a spot on Coinmarketcap.

I'd agree with that. I doubt anyone outside of China even knew about these platforms in the first place.

Some people may miss them, but it shouldn't be too difficult to find a proper replacement tbh.

mindrust

legendary

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Quote from: jdebunt on December 03, 2019, 08:03:06 AM

For Bitsoda, Akdex, and Btuex, the decision to exit the crypto market – perhaps temporarily – was made in the final two weeks of November. Btuex is the only platform that will actively attempt to reopen overseas, albeit no official timeline has been provided at this time.

https://fintoism.com/cryptocurrency/5-small-chinese-crypto-exchanges-shut-down-in-november-2019/

They should close most of those so called big-volume Chinese exchanges too. Most of them have fake volume anyway. It seems these were so crap they couldn't even afford to pay for a spot on Coinmarketcap.

jdebunt

legendary

Activity: 1596

Merit: 1010

For Bitsoda, Akdex, and Btuex, the decision to exit the crypto market – perhaps temporarily – was made in the final two weeks of November. Btuex is the only platform that will actively attempt to reopen overseas, albeit no official timeline has been provided at this time.

https://fintoism.com/cryptocurrency/5-small-chinese-crypto-exchanges-shut-down-in-november-2019/

Topic: [2019-12-02] 5 Small Chinese Crypto Exchanges Shut Down in November 2019 - page 2. (Read 237 times)