Bithumb's trading volume drops 40% after suspending user registrations
Within three days of Bithumb exchange suspending user registration, the cryptocurrency exchange's trading volume declined40%.
KoreanBithumbThe exchange was attacked once in June. It's in7月31In a blog post on Japan, it was stated that because it is ongoing“Service improvement process”, so it will be from8月1The opening of new accounts will be suspended on a daily basis.
Although the exchange did not provide further details on the reason for the suspension, a report from Korea Business Tuesday said banking sources said that the exchange was forced to suspend because of its banking partnersNH Nonghyup BankNot yet signed after the hacker attackBithumbThe contract.
pursuantCoinMarketCapData, TuesdayBithumb的24The hourly trading volume is approximately3.5Billions of dollars. However, over the past three days, the trading volume has dropped to around2Billions of dollars (as of Friday's release time), down more than40%.
The exchange did not respondCoinDeskRequest for comment on declining transaction volume and banking issues.
Although the opening of new accounts has been suspended,Bithumbindicates a virtual account already associated with an identity - It's actually linked to an exchange bank account - Deposit and withdrawal services are still available.
BithumbIt means that it isNonghyup BankAn agreement was reached on contract renewal“consensus”, and“Plans are under way to resolve differences of opinion on certain legal terms and to re-open virtual accounts soon”。
If no final agreement was reached, Korea Business ReportBithumbIt can still be done through the so-called“Honeycomb account”Collect service customer deposits and withdrawals, although this option is less convenient for users.
In addition to negative news, the exchange announced on Thursday that it will resume this Saturday10Deposits and withdrawals of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP). The platform said the move will occur after completing security checks and improvements.
Due to concerns that allowing anonymous accounts would present a greater risk of money laundering, South Korea's regulators require1Use a “real-name virtual account” before the end of the month.
South Korea is also further regulating crypto exchanges after a series of recent hacking attacks and other issues, and some new laws are being prepared.
7月26On Sunday, a Financial Services Commission executive called on politicians“ASAP”Pass a bill to regulate cryptocurrency transactions.
Author: Wang Jiali
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