Japanese crypto exchange BitTrade closes its trading system. The platform will be restarted as part of Huobi.
BitTrade customers are asked to re-open accounts on the exchange and pass verification. Also, users will have to independently transfer their assets. Registration on the restarted site will be available from December 10, the start of trading is scheduled for January 8.
According to Bitcoin.com, the new platform will support all cryptocurrencies previously presented on BitTrade: bitcoin (Bitcoin), ethereum (ETH/USD), litecoin (LTC/USD), bitcoin cash (Bitcoin.Cash), XRP (XRP/USD) and Monacoin. All of them are traded with the Japanese yen, and BCH, ETH, LTC, and MONA – also with Bitcoin.
In September, the Japanese division of Huobi Global bought a majority stake in the BitTrade site. The platform will break relations with the supplier of its trading infrastructure Bitbank Corp. and get a new address, huobi.co.jp.
Existing BitTrade accounts will be closed from January 18, but the administration of the exchange promises that users will be able to receive their funds after this date.
From November 30, BitTrade will not register new accounts, from December 14 it will stop accepting deposits. The ability to conduct transactions will be disabled on December 27.
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