Top Three Chinese Bitcoin Exchanges Starting Fourth Dimension Charging Trading Fees To Curb Marketplace Pose Volatility & Manipulation



The pinnacle 3 Chinese (OKCoin, Huobi, BTCChina) bitcoin exchanges halted margin trading final calendar week inwards a bid to appease PBoC regulators. Over the weekend, OKCoin in addition to Huobi every bit good announced novel trading fees of 0.2 per cent. BTCChina said the fees were aimed at reducing excessive volatility:
“To farther curb marketplace position manipulation in addition to extreme volatility, BTCChina volition kickoff charging fees for bitcoin in addition to litecoin trading from 12:00 p.m. (noon) UTC+8 on Tuesday, Jan 24th.”
Furthermore, BTCChina clarified that the trading fees volition apply to both marketplace position makers in addition to marketplace position takers. The novel fee schedule applies to 2 digital currencies:



Similar policies were implemented past times OKCoin in addition to Huobi on Sunday. Today, Chinese digital currency central Yunbi, which accounts for 0.85% of daily bitcoin turnover, according to information from coinmarketcap.com, every bit good announced a 0.2% trading fee for bitcoin trading pairs.

The Yunbi bulletin states:
“To farther foreclose speculation in addition to abrupt fluctuations of Bitcoin prices. Yunbi volition kickoff charging Bitcoin trading fee from Jan 24, 2017 at 12:00 noon (UTC+8).”
Unlike BTCChina’s fee schedule, Yunbi said it volition solely accuse fees on bitcoin pairs, excluding litecoin in addition to other blockchain assets.

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