According to a report from Chinese media service Caixin, the two exchange heavyweights will be allowed to stay open longer than other exchanges due to the large number of users on the platforms, as well as the fact that neither platform had listed trading pairs for initial coin offering (ICO) tokens.
As of yesterday, both OKCoin and Huobi continued to operate normally and claimed that they had not been contacted by government regulators. However, Litecoin creator Charlie Lee–brother of BTCC CEO Bobby Lee–tweeted that the two exchanges were meeting with regulators today and “might change their tune” following the meeting.
Presumably, both exchanges will announce their closures soon.
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