OKCoin Opens Bitcoin and Litecoin Withdrawals! Daily Limit of 20 BTC Per Person

On the evening of May 31, OKCoin, a well-known domestic digital currency trading platform, opened Bitcoin and Litecoin withdrawals and stipulated a daily withdrawal limit for each person. This is the first time that the three major trading platforms have opened Bitcoin and Litecoin withdrawals since the central bank carried out a systematic rectification of digital currency trading platforms in January this year. OKCoin Bitcoin prices rose 8% in response, reaching a maximum of 16,500 yuan.

According to insiders, the withdrawal amount varies according to the account level and currency:

The withdrawal limits for the international site and OKEX are: BTC: 200, LTC: 500, ETH: 1000
The withdrawal limits for the China site are: BTC: 20 (10 of which can be withdrawn to external addresses), LTC: 400 (200 of which can be withdrawn to external addresses), ETH: 1000

OKCoin staff said that (withdrawals) are currently in the trial operation stage, and the specific limit is subject to the page limit.

In early May this year, the price of Bitcoin rose to a record high. According to media reports, people familiar with the matter said that the central bank's rectification of trading platforms since January is nearing its end.

Informed sources also revealed that at the same time, two management measures for Bitcoin are still being promoted: one is the management measures for Bitcoin trading platforms, and the other is the anti-money laundering regulations for Bitcoin platforms. Both measures may be issued in June.

On the eve of the Dragon Boat Festival, the person in charge of a trading platform posted a message in his private circle saying,

"The work of regulating the anti-money laundering of platforms is nearing completion. Shenzhen's on-site inspection of trading platforms in May has been basically completed. During this inspection, a Shenzhen trading platform was suspended. It is reported that the next focus will be on combating pyramid schemes and illegal fundraising."

As of press time, some users in the group have claimed to have successfully withdrawn Bitcoin from OKCoin. Among the three well-known domestic trading platforms, Huobi and Bitcoin China have not yet released any relevant withdrawal information. However, various signs indicate that the central bank's rectification of trading platforms is nearing completion, and other trading platforms will open up withdrawals in the near future.