OKCoin Korea Exchange announced its closure. Binance has already shut down, but Huobi is still

Wu said blockchain learned that according to the notice from OKCoin on March 23, the Korean site will be closed on April 7. In December 2020, Binance Korea said that it would cease operations at the end of January 2021 due to low trading volume. Huobi Korea is still in operation. It was previously reported that Huobi competed with Binance. Some people believe that it is related to the recent strengthening of government supervision in South Korea, such as more regulations on anti-money laundering, information disclosure, and taxation. However, the closure of OKCoin should be similar to Binance, still because of low trading volume.