OKCoin CEO to Acquire LEAP Holdings Group

OKC Holdings Corp bought 3.2 billion shares at HK 0.15 per share, controlling 60.49%
25 January 2019   1656

CEO of the Chinese bitcoin exchange OKCoin Star Xu has become the largest shareholder of LEAP Holdings Group, which is listed on the Hong Kong Stock Exchange (HKEX). The deal amounted to $ 60 million, according to a press release from HKEX.

OKC Holdings Corp, the company controlling OKCoin, acquired 3.2 billion shares at HK 0.15 per share, controlling 60.49%.

In turn, Star Xu owns 52.32% of OKC Holdings Corp through StarXu Capital and OKEM Services Company.

Gan Ma through Vlab Capital (5.08%), Bo Feng through Golden Status Ventures (9.86%) and Jing Shi (13%) also have a stake in OKC Holdings Corp.

OKCoin reported on intension to acquire LEAP Holdings for HKEX listing in mid-January.

Earlier, the Korean exchange Bithumb announced its intention to become a public company in the US jurisdiction, absorbing Blockchain Industries.

LocalEthereum to be LocalCryptos Now

Exchange's team believes they have advantages over LocalBitcoins, which "looks the same today as it did in 2012"
19 November 2019   116

LocalEthereum's P2P platform changed its name to LocalCryptos to support more cryptocurrencies, starting with bitcoin.

The possibility of buying / selling BTC has already been added, in the near future EOS, DASH and Litecoin (LTC), as well as Ethereum-based tokens are indicated.

According to the statement, the platform has more than 100 thousand users around the world.

With rebranding and the addition of bitcoin trading, the site competes with the popular P2P platform LocalBitcoins, and LocalCryptos believes that they have advantages. They include the non-custodian BTC escrow system and end-to-end message encryption.

Platforms like LocalBitcoins are centralized, custodial, and a far cry from private. These platforms are vulnerable to hacks and thefts like a centralized exchange.

LocalCryptos Team

Hackers have stolen several billion dollars from the past, and at least two incidents related to LocalBitcoins traders, the statement said.

LocalCryptos does not store user private keys and declares that it gives them full control over the funds.