Crypto exchange ByBit has warned Chinese traders about the suspension of service from June 15.
At the same time, the trading platform's statement notes that transactions will not be available to users using IP addresses under the jurisdiction of the PRC.
From mid-June, investors from the Middle Kingdom will not have access to quotes, orders, and other instruments used by ordinary traders on the ByBit exchange.
Note that this is not the first time that, under pressure from the Chinese authorities, a crypto company leaves the country and goes to a safer jurisdiction.
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Another major bitcoin exchange, Huobi, previously released a similar announcement to suspend services to traders from mainland China.
In addition to trading platforms, miners are also leaving China. This trend is a direct result of increased pressure on the industry by the PRC leadership. On May 21, Vice Premier of the State Council Liu He announced the need to tighten control over operations with digital assets and limit crypto mining.
ByBit cryptocurrency exchange entered the market in 2018. Its users can trade perpetual derivative contracts for digital currencies.