Bitcoin Era issues another closure announcement. What other options are there for the cryptocurrency market?

Starting from September 4, the government began to regulate the issuance of tokens, and then the token issuance platforms announced their closure one after another. However, this will show the vision of a platform. Whether you participate in the token issuance, those who participate in the token issuance are basically bloodbaths. Domestic platforms such as Huobi and BitTimes did not participate in the token issuance. However, in order to better manage and regulate, they met with major platforms to discuss the closure of RMB transactions.

Since Bitcoin China announced the suspension of trading, viabtc, Yunbi, Huobi, OKCoin, and China Bitcoin have also announced that they will close trading one after another. I don’t know how many users are waiting for the announcement of Times. Just now, Times issued an announcement titled: Announcement on the adjustment of BitTimes’ business strategy. Look carefully, this is a strategic adjustment! It is not an announcement of closure, but the subsequent announcement was modified. Maybe the pressure is too great. Now Times has issued a warning again, saying that all currency transactions will be closed before the end of the month, which means that there is no platform for trading in China.

Except that there is no recharge channel at present, you may want to recharge some RMB in the last few days to calm your nerves. For future currency-to-currency transactions, you may need to do this.

Now you can only go abroad and use currency-to-currency transactions to take the long-term route. It is said that the Times account can be sold for money, and it can also be charged and transferred. There are really countermeasures for every policy. If the Times is closed, what other platforms can you choose, such as Huobi Pro Station for currency-to-currency transactions and Binance in China, basic authentication is OK, but these basically require currency transfers to trade, and RMB is no longer useful, so in the final analysis, you still need to top up Mao Zedong.

Not long ago, Bitcoin China raised the handling fee and forced users to withdraw cash, which is to speed up the regulatory route and clear out various currencies, while Huobi deployed a currency-to-currency trading station, which is still thriving and standing firm. OKCoin has always had an international station, so they are not afraid of it. As for the Bitcoin Era, there has been basically no negative news since the regulation. Huang is still so awesome in our hearts, and we can recharge when we should recharge and trade when we should trade.

But now that Times is about to close, let us remember Times for providing us with a platform over the years and thank them.

The strategic announcement of Times: Thanks to the 380,000 Times people who have met Times by chance. It is your enthusiastic suggestions that make us better and better; it is your selfless publicity that makes the Times family bigger and bigger; it is your family-like support that has brought us to where we are today. Bitcoin has become a global digital asset, and blockchain technology has had a profound impact on the existing economic system. I hope we can have the same fate and create greater glory in the future.

In fact, I have always believed that Times has a strong backstage. From previous strategic announcements and various signs after recent regulation, it shows that Times has people. Now that the platform trading is going to be closed, we boldly speculate that Times has no backup plan. From the recent rise of Binance, we can also see that the cryptocurrency market is still a big pie, and it seems feasible to list in Hong Kong, Macau and Taiwan. So we also look forward to Times providing trading opportunities again. Let us wait and see.

Bitcoin price at the time of posting: 35555.1 RMB (data source: BitTimes)

Disclaimer: This article only represents personal thoughts. If the information is incorrect, please contact me to make corrections.