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Tag Archives: crypto exchange

China’s Once-Largest Exchange in Talks to Sell Majority Stake

Aug 15, 2022

Olusegun Ogundeji

The founder of China’s Huobi Group, which runs one of the world’s largest cryptocurrency exchanges, is reportedly in talks with investors to sell his almost 60% stake in the trading platform. Leon Li selling his majority stake in the crypto exchange could be the industry’s largest takeo...

SOS Cleared to Mix Crypto Mining With Exchange 

May 12, 2021

Olusegun Ogundeji

The Chinese holding company that once provides marketing data, technology and solutions but later started crypto mining is now about to run its own crypto exchange.  SOS Limited, formerly known as China Rapid Finance Limited, says its US and Canadian subsidiaries have obtained money s...

OKEx to Resume Withdrawal, Will It Stop the Bitcoin Bull?

Nov 20, 2020

Vincent He

Cryptocurrency exchange OKEx published the announcement introducing that it’ll resume what it describes as an “unrestricted withdrawal on November 27. The native token OKU slides by 30% with the price dropped from $6.5 to even less than $5 during the 35 days after OKEx suspended th...

A Slew of Bitcoins Flee Huobi to Binance

Nov 18, 2020

Vincent He

Data from CyptoQFuant and Glassnode shows great quantities of Bitcoin from Huobi is flowing into the Binance. The bitcoin outflow of Huobi and the inflow of Binance have both hit records since this year. Bitcoin also showed the same trend of fleeing from Binance to Huobi when Binance ...

Huobi to Take over South Korea’s largest Crypto Exchange Bithumb

Nov 17, 2020

Vincent He

Shareholders of Bithumb, South Korea's largest crypto asset exchange, are trying to sell all of their shares, and its Chinese peer Huobi is one of the enterprises that are interested in taking it over, according to local media Bell reported. Source said that Huobi plans to carry out cr...

China’s OKEx Crackdown is A Warning Shot to Other Crypto Exchanges

Nov 17, 2020

Forkast.News

Cryptocurrency exchanges flying flags of convenience is sure to annoy China’s regulators and may no longer be a viable business strategy. It has been almost a month since OKEx, one of the biggest cryptocurrency exchanges in the world, suspended its token withdrawal services to its customer...