US dollar deposits

It is reported that Hong Fang, CEO of OKCoin, said on Twitter that OKCoin suspended US dollar deposits and OTC transactions through wire transfer and ACH, and order book transactions, euro deposits, US dollar withdrawals and cryptocurrency withdrawals were not affected. OKCoin suspends US dollar deposits through wire transfer and ACH Analysis based on this information:The CEO of OKCoin, Hong Fang, announced on Twitter that the company suspended US dollar deposits and over-the-counter (OTC) transactions through wire transfer and ACH. This decision has been made effective immediately. Fang clarified that euro deposits, US dollar withdrawals, cryptocurrency withdrawals, and order book transactions would not be affected by the suspension. This announcement has come as a shock to many cryptocurrency traders, as OKCoin is one of the world’s largest cryptocurrency exchanges. The move to suspend US dollar deposits and OTC transactions has been taken due to compliance concerns, and the company is working to address the issue with its banking partners. The…

On March 4, Bybit announced that due to the service interruption of partners, Bybit has suspended the US dollar deposit value paid through banks, and no longer…