Huobi and OKCoin, two of the world's largest bitcoin exchange businesses by volume, have formally announced they have halted margin trading services.
China's major bitcoin exchanges halted, or otherwise updated, their lending-based bitcoin trading services today.
The People's Bank of China revealed today it has held additional meetings with major bitcoin exchanges.
Officials from the People's Bank of China met with representatives of major bitcoin exchanges this week to issue a warning about their conduct.
Huobi's new platform lets investors buy real shares on the Shanghai Stock Exchange, while still keeping their bitcoin holdings as collateral.
Futures trading platform BitVC has announced it will no longer offer litecoin futures to its users, as it shifts its focus to bitcoin. The platform, a subsidiary of Chinese exchange Huobi, said that the decision was taken “due to a lack of user demand”, and the “growing consensus that the world will only have one […]
Huobi's bitcoin futures trading platform BitVC has replaced the unpopular socialized losses risk system with 'automatic counterparty deleveraging'.
China's Huobi is making an international push in 2015 by temporarily eliminating or lowering fees on its USD trading platform BitYes.
Former vice-governor of China's central bank, Wu Xiaoling, has said digital currencies like bitcoin "could co-exist with fiat currencies".
Bitcoin margin trading comes under scrutiny as BitVC takes 46% of traders' profits to cover a 3,000 BTC loss.
Huobi's BitYes USD exchange is offering a trading fee-free deal with payment processor EgoPay until the end of 2014.
Several exchanges have altered the way trades are counted on bitcoin futures markets, with 1 BTC counting as two.
Chinese exchange Yuanbao.com is now offering P2P lending, with borrowers using bitcoins and other digital assets as collateral.
Chinese exchanges and yuan trades now dominate bitcoin markets, as macro factors and fee structures pump up volumes.
Huobi says it is recovering funds after an employee erroneously distributed $400k in bitcoin and litecoin to 27 users.