Over 90% of Chinese ICO returned funds to investors

By now more than 90% of the projects that carried out the ICO in the PRC have fully compensated for the funds invested
25 September 2017   1263

The overwhelming majority of Chinese ICO start-ups fully refunded funds to investors who participated in their initial coin offering (ICO). This is reported by the ETHNews referring to the local news agency Xinhua.

As noted by the agency, by now more than 90% of the projects that carried out the ICO in the PRC have fully compensated for the funds invested. Moreover, some crypto exchanges also began to return users funds for the tokens they bought. This, in turn, indicates that the ban on holding the ICO and the process of closing stock exchanges in China is rigorously implemented in practice.

Also, the Xinhua News Agency reports that of the 17 exchanges operating in China, four have completely ceased their activities by this time. The remaining trading floors are actively preparing for this and have already announced the date of the suspension of operations.

Coinbase to Expand Services for Asia

Among the services available now there are Coinbase Prime, Pro and Custody
22 January 2019   119

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.