Bitcoin exchanges in hong kong are seeing growing demand from chinese traders
In the last few weeks, we have seen a lot of mainland customers opening up accounts at TideBit. We are not just a trading platform, we also have a blockchain ecosystem. In my opinion, banning Bitcoin exchanges is nothing short of temporary glad-handing. But for now, Mr.
While the motive of the Chinese government remains unclear, its plans on restricting the Chinese cryptocurrency exchange market has not worked to its favor. Vincent Poon, chief growth hacker at TideBit, noted:. In the upcoming weeks, to address the growing demand toward bitcoin trading from Chinese traders, local exchanges including TideBit aim to aggressively expand their operations and offer new services such as derivatives trading. At this juncture, it is difficult to predict the future of the Chinese cryptocurrency exchange market and bitcoin businesses.
Bitcoin and cryptocurrency trading volumes have migrated to over-the-counter OTC markets that are significantly harder to regulate and oversee. Vincent Poon, chief growth hacker at TideBit, noted: Long-time bitcoin investor Jon Creasy wrote:. Several reports released last month suggested that the Chinese government's imposition of the nationwide ban on cryptocurrency exchanges is only temporary, and that the government will likely resume trading activities in November. Despite the imposition of a nationwide ban on cryptocurrency exchanges by the Chinese government, traders and investors in China are continuing to trade bitcoin and other cryptocurrencies in neighboring markets such as Hong Kong and Japan.
Long-time bitcoin investor Jon Creasy wrote:. In the upcoming weeks, to address the growing demand toward bitcoin trading from Chinese traders, local exchanges including TideBit aim to aggressively expand their operations and offer new services such as derivatives trading. Bitcoin and cryptocurrency trading volumes have migrated to over-the-counter OTC markets that are significantly harder to regulate and oversee.
Bitcoin and cryptocurrency trading volumes have migrated to over-the-counter OTC markets that are significantly harder to regulate and oversee. We also offer different products like payment solutions, wire transfers and different types of blockchain projects. Several reports released last month suggested that the Chinese government's imposition of the nationwide ban on cryptocurrency exchanges is only temporary, and that the government will likely resume trading activities in November. Earlier this week, South China Morning Post revealed that TideBit, a Hong Kong-based cryptocurrency exchange, is expected to expand bitcoin trading operations amidst rapidly rising demand toward bitcoin and cryptocurrency trading by Chinese traders. But bitcoin exchanges in hong kong are seeing growing demand from chinese traders now, Mr.
We are not just a trading platform, we also have a blockchain ecosystem. Bitcoin and cryptocurrency trading volumes have migrated to over-the-counter OTC markets that are significantly harder to regulate and oversee. In my opinion, banning Bitcoin exchanges is nothing short of temporary glad-handing.