Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Walsoraj
on 25/08/2014, 18:59:08 UTC
BTCChina

I think BTC-China always had fees until recently perhaps.  What happened in Dec/19 is that they lost the deposit channel via bank transfer. They came up with a voucher system that apparently was not popular, while Huobi and OKCoin found a way to continue using banks for deposit.  I don't know exactly what is the reason for their recent revival: they accept USD and HKD deposits, they have a mobile trading app, they may have eliminated the trading fees...

I thought the voucher system had been banned in China, but I must have been wrong. It beats me how their exchanges are still operating with all the hostility from the Chinese government.

Coinbase is probably depositing to chinese overseas operations. http://www.coindesk.com/chinese-bitcoin-exchanges-prepare-to-move-operations-overseas/