One after another, cryptocurrency exchanges are announcing a gradual withdrawal from the Chinese market.
At the end of last week, platforms Huobi and Binance announced the termination of registration of new users from China.
After that, lesser-known trading platforms issued similar statements about their intention to leave the PRC in the coming months. This decision was caused by the repressive policy of the country's authorities about representatives of the blockchain industry.
Last week, the People's Bank of China called illegal all operations with digital currencies. Then Internet users were blocked from accessing the popular resources CoinMarketCap and CoinGecko.
Trending: BNB Chain Gets Back to Normal After a Hack Estimated $100 M
Last Thursday, the CoinEx platform announced plans to leave the Chinese market. The blog says that in October, the accounts of all users from the PRC are going to be deleted. Traders are given a month to withdraw funds from the trading platform.
The exchange clarified that it is going to delete the accounts of only those investors who live in the mainland of the Middle Kingdom.
The CoinEx platform was founded at the end of 2017. Now, the average daily trading volume on this exchange is about $ 85 million.