OKEx Korea cessera ses activités en avril
The Korean division of the cryptocurrency exchange OKEx will cease operating on April 7
The management of the exchange announced the closure of cryptocurrency trading on March 23rd, 2021. According to the statement on the official website, it is necessary to withdraw fiat and cryptocurrency by 07.04.2021.
The reasons for the closure of the cryptocurrency exchange OKEx South Korea are not officially mentioned. Most likely, this is due to the complexity of regulation and mass bans of cryptocurrencies in South Korea.
The new legislation in the field of cryptocurrencies comes into force on March 25th. After this date, branches of global cryptocurrency exchanges will not be able to share their order books with other trading platforms.
This is unprofitable and will undermine trade. That's why the exchanges are closing their branches in South Korea en masse. Earlier we have already written that the Binance exchange hastened to close its branch.
The article has an informational character, reflects the opinion of the author. Before you make a decision, analyze the market situation.