OKCoin

According to reports, the crypto exchange OKCoin has suspended trading in two city currencies, MiamiCoin and NYCCoin, due to insufficient liquidity. “The limited liquidity of these city currencies on our platform has led to potential price manipulation and fraud risks. Although these risks have not yet occurred, we hope to take action before any issues arise,” OkCoin wrote in a blog post. Once the low liquidity issue is resolved, OKCoin will resume city currency trading. Currently, holders can continue to store their tokens in OKCoin or transfer them to the…

On March 20th, Xu Mingxing replied to users’ questions on social media and said that the OKBChain test network would be launched soon, and the planned release in the first quarter of 2023 had not been postponed. Interpretation of this information: Xu Mingxing, the founder of OKCoin, recently made an announcement on social media that the OKBChain test network would soon be launched. This news has been well received by the blockchain community as many have been eagerly waiting for this update. In the past, OKCoin has been known for…

On March 14, Xu Mingxing said on Twitter: “Due to the problem of Signature Bank, OKCoin has just suspended the ACH and wire transfer functions. All customers’ funds are safe, cash withdrawal is open at any time, and customers can withdraw at any time. OKX and OKCoin are independent exchanges, and the operation of OKX is not affected.” Interpretation of this information: In a tweet posted on March 14, 2021, Xu Mingxing, the founder of OKCoin, announced that the exchange has suspended its ACH and wire transfer functions due to…

It is reported that Hong Fang, CEO of OKCoin, said on Twitter that OKCoin suspended US dollar deposits and OTC transactions through wire transfer and ACH, and order book transactions, euro deposits, US dollar withdrawals and cryptocurrency withdrawals were not affected. Interpretation of this information: The cryptocurrency exchange, OKCoin, has announced the suspension of US dollar deposits and OTC (over-the-counter) transactions via wire transfer and ACH (automated clearing house). Hong Fang, the CEO of OKCoin, made the announcement on Twitter. However, other transactions such as order book transactions, euro deposits,…

It is reported that Hong Fang, CEO of OKCoin, said on Twitter that OKCoin suspended US dollar deposits and OTC transactions through wire transfer and ACH, and order book transactions, euro deposits, US dollar withdrawals and cryptocurrency withdrawals were not affected. Interpretation of this information: The recent announcement by Hong Fang, CEO of OKCoin, about the temporary halt of US dollar deposits and OTC transactions through wire transfer and ACH has caused a stir in the cryptocurrency community. The reason for this suspension is not clear, and the company has…