Sunday, April 18, 2021
Home Decrypt News OKEx Suspends Withdrawals, Bitcoin Drops 2.5% on News

OKEx Suspends Withdrawals, Bitcoin Drops 2.5% on News

Chinese crypto exchange OKEx has just suspended withdrawals, apparently because police are talking to key holders, it said in a statement. The company, though registered  in Malta, serves many Chinese retail investors. Huobi, Binance and OKEx are the three biggest Chinese exchange

The exchanges OTC desk also appeared to be shut down.

The news caused panic on WeChat and in social media.

The exchange is the second biggest source of derivative trading after Bitmex. The price of Bitcoin dropped 2.5% on the news.

Story is developing.

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