KuCoin, a major cryptocurrency Exchange
Exchange
An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectively relevant with real-time pricing.Depending upon where you reside, an exchange may be referred to as a bourse or a share exchange while, as a whole, exchanges are present within the majority of countries. Who is Listed on an Exchange?As trading continues to transition more to electronic exchanges, transactions become more dispersed through varying exchanges. This in turn has caused a surge in the implementation of trading algorithms and high-frequency trading applications. In order for a company to be listed on a stock exchange for example, a company must divulge information such as minimum capital requirements, audited earnings reports, and financial reports.Not all exchanges are created equally, with some outperforming other exchanges significantly. The most high-profile exchanges to date include the New York Stock Exchange (NYSE), the Tokyo Stock Exchange (TSE), the London Stock Exchange (LSE), and the Nasdaq. Outside of trading, a stock exchange may be used by companies aiming to raise capital, this is most commonly seen in the form of initial public offerings (IPOs).Exchanges can now handle other asset classes, given the rise of cryptocurrencies as a more popularized form of trading.
An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectively relevant with real-time pricing.Depending upon where you reside, an exchange may be referred to as a bourse or a share exchange while, as a whole, exchanges are present within the majority of countries. Who is Listed on an Exchange?As trading continues to transition more to electronic exchanges, transactions become more dispersed through varying exchanges. This in turn has caused a surge in the implementation of trading algorithms and high-frequency trading applications. In order for a company to be listed on a stock exchange for example, a company must divulge information such as minimum capital requirements, audited earnings reports, and financial reports.Not all exchanges are created equally, with some outperforming other exchanges significantly. The most high-profile exchanges to date include the New York Stock Exchange (NYSE), the Tokyo Stock Exchange (TSE), the London Stock Exchange (LSE), and the Nasdaq. Outside of trading, a stock exchange may be used by companies aiming to raise capital, this is most commonly seen in the form of initial public offerings (IPOs).Exchanges can now handle other asset classes, given the rise of cryptocurrencies as a more popularized form of trading.
Read this Term, has announced that its Mainland Chinese users must withdraw all their funds and close their accounts by the end of 2021. According to the blog post published on its website, the firm cited the ongoing regulatory environment in the country, which is currently leading a crackdown against the crypto industry.
“On September 24, 2021, after paying attention to the latest policies announced by the Chinese mainland government, KuCoin immediately conducted a technical self-inspection to ensure that the company’s business process complies with the regulatory requirements of mainland China,” KuCoin noted. That said, users should withdraw funds before 00:00 UTC +8 time on December 31, 2021.
Moreover, the crypto exchange stated that it had suspended its SMS notification service and warned people of any malicious messages that could lead to fraud. “To protect the rights and interests of users, we strongly recommend relevant users to transfer their assets to other platforms before 24:00 (UTC+8) on December 31, 2021. We will also continue to remind users through emails and in-site letters to guide relevant users to take action as soon as possible,” the firm added.
Chinese Crypto Crackdown Intensifies
No additional details were provided by the crypto exchange regarding the decision, which is aligned with the recent announcements of crypto exchanges quitting from China due to the crackdown. In September, the People’s Bank of China (PBoC) said that all companies offering token issuance, trading, derivatives and order matching for digital assets are prohibited. The central bank argued that it seeks to ‘eliminate’ hype and remove speculation to protect the Chinese population from the crypto market.
Furthermore, the ‘Notice on Further Preventing and Disposing of the Risk of Hype in Virtual Currency Trading’ highlighted that staff of overseas crypto exchanges operating in the country, including those who work for customer support departments, will be subject to investigations. Last week, Alibaba, the largest online retailer in China, announced that it will stop selling cryptocurrency mining hardware.
KuCoin, a major cryptocurrency Exchange
Exchange
An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectively relevant with real-time pricing.Depending upon where you reside, an exchange may be referred to as a bourse or a share exchange while, as a whole, exchanges are present within the majority of countries. Who is Listed on an Exchange?As trading continues to transition more to electronic exchanges, transactions become more dispersed through varying exchanges. This in turn has caused a surge in the implementation of trading algorithms and high-frequency trading applications. In order for a company to be listed on a stock exchange for example, a company must divulge information such as minimum capital requirements, audited earnings reports, and financial reports.Not all exchanges are created equally, with some outperforming other exchanges significantly. The most high-profile exchanges to date include the New York Stock Exchange (NYSE), the Tokyo Stock Exchange (TSE), the London Stock Exchange (LSE), and the Nasdaq. Outside of trading, a stock exchange may be used by companies aiming to raise capital, this is most commonly seen in the form of initial public offerings (IPOs).Exchanges can now handle other asset classes, given the rise of cryptocurrencies as a more popularized form of trading.
An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectively relevant with real-time pricing.Depending upon where you reside, an exchange may be referred to as a bourse or a share exchange while, as a whole, exchanges are present within the majority of countries. Who is Listed on an Exchange?As trading continues to transition more to electronic exchanges, transactions become more dispersed through varying exchanges. This in turn has caused a surge in the implementation of trading algorithms and high-frequency trading applications. In order for a company to be listed on a stock exchange for example, a company must divulge information such as minimum capital requirements, audited earnings reports, and financial reports.Not all exchanges are created equally, with some outperforming other exchanges significantly. The most high-profile exchanges to date include the New York Stock Exchange (NYSE), the Tokyo Stock Exchange (TSE), the London Stock Exchange (LSE), and the Nasdaq. Outside of trading, a stock exchange may be used by companies aiming to raise capital, this is most commonly seen in the form of initial public offerings (IPOs).Exchanges can now handle other asset classes, given the rise of cryptocurrencies as a more popularized form of trading.
Read this Term, has announced that its Mainland Chinese users must withdraw all their funds and close their accounts by the end of 2021. According to the blog post published on its website, the firm cited the ongoing regulatory environment in the country, which is currently leading a crackdown against the crypto industry.
“On September 24, 2021, after paying attention to the latest policies announced by the Chinese mainland government, KuCoin immediately conducted a technical self-inspection to ensure that the company’s business process complies with the regulatory requirements of mainland China,” KuCoin noted. That said, users should withdraw funds before 00:00 UTC +8 time on December 31, 2021.
Moreover, the crypto exchange stated that it had suspended its SMS notification service and warned people of any malicious messages that could lead to fraud. “To protect the rights and interests of users, we strongly recommend relevant users to transfer their assets to other platforms before 24:00 (UTC+8) on December 31, 2021. We will also continue to remind users through emails and in-site letters to guide relevant users to take action as soon as possible,” the firm added.
Chinese Crypto Crackdown Intensifies
No additional details were provided by the crypto exchange regarding the decision, which is aligned with the recent announcements of crypto exchanges quitting from China due to the crackdown. In September, the People’s Bank of China (PBoC) said that all companies offering token issuance, trading, derivatives and order matching for digital assets are prohibited. The central bank argued that it seeks to ‘eliminate’ hype and remove speculation to protect the Chinese population from the crypto market.
Furthermore, the ‘Notice on Further Preventing and Disposing of the Risk of Hype in Virtual Currency Trading’ highlighted that staff of overseas crypto exchanges operating in the country, including those who work for customer support departments, will be subject to investigations. Last week, Alibaba, the largest online retailer in China, announced that it will stop selling cryptocurrency mining hardware.
