Huobi is removing tens of millions of Chinese users, stock of Bitcoin on the platform continues to decline
Huobi is removing tens of millions of Chinese users. In the past week, Huobi transferred approximately 1.44 billion USDT-TRC20 from TRON cold wallet to hot wallet for users to withdraw.
Huobi action on China’s banning
Since December, the outflow of Bitcoin is about 20,000, and the current Bitcoin stock in Huobi is about 44,000; the outflow of Ethereum is about 200,000, and the current Ethereum stock is about 400,000. The stock of Bitcoin & Ethereum on Huobi continues to decline.
Accordingly, someone revealed that Binance and Kucoin to do the same for Chinese users by 31 December.
Are they being let go because of the ban of cryptocurrency in China or the company is going through a phase? But whatever it is those people will either go to another platform or go fully decentralized. Cryptocurrency is not something that someone can stop by letting people go.
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