Huobi introduces 24-hour delay on cryptocurrency withdrawals to curb speculative trading

//Huobi introduces 24-hour delay on cryptocurrency withdrawals to curb speculative trading

Huobi introduces 24-hour delay on cryptocurrency withdrawals to curb speculative trading

Huobi, operator of the world’s second-largest cryptocurrency exchange by trading volume, has imposed a 24-hour condition before a user can withdraw digital tokens in over-the-counter (OTC) transactions, effectively discouraging speculation and dealing another blow to cryptocurrency investors in China amid Beijing’s latest crackdown on the sector.Under the new requirement, traders can only take out their tokens 24 hours after making any cryptocurrency purchase, according to a statement posted on…

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By | 2021-07-02T07:58:40+00:00 July 2nd, 2021|Business|Comments Off on Huobi introduces 24-hour delay on cryptocurrency withdrawals to curb speculative trading