BTCC stops accepting deposits

Oldest Chinese cryptocurrency exchange stopped taking deposits in yuan and cryptocurrency
27 September 2017   1984

BTCC stops accepting yuan and cryptocurrency deposits today. This is reported by the Cryptocoinsnews.

A giant of Chinese cryptocurrency industry, the oldest exchange in ex-largest crypto trading market in the world stopped receing deposists 27.09 at 12.00 noon, Beijing time. Exchange is working for 7 years now.

Today's notice from Chinese CMS BTCChina com continues the previous announcement, when BTCC cofirmed it will "stop all trading" on September 30 due to regulations of Chinese financial authorities and China’s central bank.

Additionally, BTCChina reported about the deadline of withdrawals of digital assets and renminbi –  October 30. The administration notes that all withdrawals will be processed within 3 days, regardless of the digital asset reserve.

BTCChina operates on a 100% reserve system, meaning that we safely hold all of our customer funds in accounts and addresses that are separate from company accounts and address. All customers will be able to withdraw all their funds (including CNY, BTC, LTC, and ETH) from our exchanges within 72 hours.

BTCC statement 

The original statement.

Coinbase to Expand Services for Asia

Among the services available now there are Coinbase Prime, Pro and Custody
22 January 2019   120

Coinbase, the leading US cryptocurrency company reported that from now on its professional trading and custodial platforms are available to institutional clients and investors with large volumes from the Asian region.

In particular, according to the Coinbase blog, users of Asia will have access to the option of depositing accounts and withdrawing funds using SWIFT transfers through non-US bank accounts.

In the past 12 months, hundreds of crypto-first hedge funds have launched around the world, and many hundreds more traditional institutions such as proprietary trading firms, family offices and endowments have begun actively trading digital assets. Coinbase’s suite of professional products — Coinbase Prime and Pro, Coinbase Custody — serves these customers, along with other participants in the market, like asset issuers, crypto exchanges, and miners.

Elliott Suthers


Among the services available there are Coinbase Prime, Coinbase Pro and Coinbase Custody, which also supports the steamer USDC.

In December 2018, Coinbase began to provide services to residents of the islands of Guernsey and Maine, as well as Lithuania, Iceland, Andorra and Gibraltar.