OKCoin has just announced that they will be shutting down Futures trading for OKCoin.com International.
Concerns from PBoC intervention earlier this year have made Chinese bitcoin exchanges be very careful when it involves handling USD or USD-related blockchain assets.
BitVC has been shut down, which was Huobi's futures exchange, but OKCoin.com futures are still the #1 highest volume Bitcoin derivatives exchange.
It continuously has market share of about 2/3:
Concerns from PBoC intervention earlier this year have made Chinese bitcoin exchanges be very careful when it involves handling USD or USD-related blockchain assets.
BitVC has been shut down, which was Huobi's futures exchange, but OKCoin.com futures are still the #1 highest volume Bitcoin derivatives exchange.
It continuously has market share of about 2/3:
However, BitMEX has been right behind them so OKCoin would be crazy to shut down such a successful operation.
This move hopefully will lead to sufficient segregation from any fiat operations and finally keep regulators off their backs.
This move hopefully will lead to sufficient segregation from any fiat operations and finally keep regulators off their backs.
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