Bitcoin
Bitcoin Exchanges OKCoin and Huobi to Cease CNY Trading Oct. 31; Token Trading to Continue?
Chinese bitcoin exchanges OKCoin and Huobi issued concurrent statements announcing they will suspend CNY trading pairs on October 31. The statements did not explicitly mention suspension of all trading, leading to speculation that crypto-to-crypto trading will remain open.
As first reported by regional cryptocurrency news service cnLedger, all CNY trading pairs will be shut down on October 31. However, CNY deposits are suspended, effective immediately, preventing traders from profiting off of arbitrage. According to a rough translation of its statement, Huobi called the move “a new beginning” for the industry as it moves toward legal compliance: