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The Chinese government’s crackdown started in September 2017 after Chinese cryptocurrency exchanges BTCC China, Huobi, and OKCoin were ordered by the government to shut down. In addition, ongoing investigations have been launched by the authorities in respect of the organizers of the exchanges, forbidding them to leave the country.

In December of 2017, BTCC China, Huobi, and OKCoin were rebranded to BTCC, Huobi Pro, OKEx and relocated to Hong Kong to capture the rapidly growing demand of investors there. After the move to Hong Kong, the exchanges experienced exponential growth of investor influx from mainland China.

$1,000 and a business bank account is all that is needed to open a business in Hong Kong. Hong Kong does not possess the supply to meet the growing demand of investors and this has increased premiums in Hong Kong. In mid-January the price of Bitcoin on Coinbase was $11,800, while it was priced at $13,000 on Huobi Pro. These price differences can create opportunities for investors to take advantage of the marketplace and make a quick $1,200 profit.

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Fintech applications have increased the accessibility of Hong Kong based cryptocurrency exchanges for Chinese investors. To prevent Chinese investors from buying cryptocurrencies, the Chinese government and People’s Bank of China, have asked local banks to disclose any suspicious transactions interacting with Hong Kong markets. The use of fintech applications will not allow the Chinese government to prevent investors from participating in the Hong Kong market.

Though the crypto market is still relatively new and lacks many of the traditional institutions of a civilized market, there are projects on the market that seek to indemnify or mitigate the associated risks that investors take when deciding to invest in projects. Cryptics is one such project that seeks to offer the necessary instruments for alleviating the situation with uncertainty. The concept behind it is to support market participants by providing liquidity on exchanges and a safety cushion for retail investors by creating a platform that connects market players and develops algorithms to predict changes in the value of cryptocurrencies. Such instruments based on highly advanced scoring models involving machine learning and AI are incomparable with human intuition that even the luckiest and most prudent investors could ever be endowed with. The multitude of factors involved in predicting a cryptocurrency’s rise or fall are all taken into account by the algorithms that Cryptics employs. Investors should consult such projects as the expense is well worth the ensured profit and peace of mind.


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