Over-the-counter activity has picked up since the Communist Party reiterated its ban on crypto services on May 18.
Bitcoin analysts say this week's quick market rebound might be due to Chinese retail buyers buying the dip, using the stablecoin tether.
It's the year of the ox, and many traders and investors are holding their bitcoin in anticipation of a bullish market trend.
Thousands of cryptocurrency over-the-counter merchants and their clients may have been affected as police in China freeze bank accounts over tainted crypto and fiat assets.
Binance US has launched an OTC trading portal for major orders above $10,000
The $5 million round, led by Octopus Ventures, adds to a $2 million seed round raised in September of last year.
KuCoin has teamed up with DigitalBits to provide companies simpler access to larger quantities of digital assets.
Financial markets rebounded Tuesday after prospects for a stimulus package out of the U.S. Senate improved. Most cryptocurrencies are gaining, too.
Cryptocurrency traders are contending with volatile markets due to the coronavirus).
Circle will focus on its stablecoin business next year, following the sale of its OTC desk to Kraken and the departure of its chief financial and legal officers.