SHANGHAI: High-speed traders are pulling out of China’s bitcoin market after the three biggest venues started charging transaction fees.
One-hour volume at OkCoin fell 89% to 1,026 bitcoins at 1 pm local time yesterday, from 10,062 during the same period on Monday, according to the venue’s website. Huobi and BTC China saw declines of 92% and 82% respectively. Prices were little changed, at around 6,350 yuan per bitcoin.
Already a subscriber? Log in
Get 20% OFF The Star Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
