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China’s biggest bitcoin exchanges are facing scrutiny over how idle client funds are put to use

China’s biggest bitcoin exchanges are facing scrutiny over how idle client funds are put to use

For a long time up until recently, Chinese bitcoin exchanges didn’t charge users transaction fees—a major revenue source for other exchanges in the crypto market. How did they make a profit? At least part of the mystery might have been solved. China’s two biggest bitcoin exchanges, Huobi and OKCoin, collectively invested around 1 billion yuan…