Ethereum Activities On The Rise In China

Ethereum Activities On The Rise In China

Ethereum activities like trading, conferences and discussions are gaining more popularity in China as the interest in the Enterprise Ethereum Alliance

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Ethereum activities like trading, conferences and discussions are gaining more popularity in China as the interest in the Enterprise Ethereum Alliance is increasing.

Chinese bitcoin exchanges have registered increasing interest and demand for Ethereum. For this reason, several bitcoin exhanges including OKCoin have announced the integration of support for Ethereum or Ether trading.

At the end of March, nine days prior to releasing its newly updated Anti-Money Laundering (AML) and Know Your Customer (KYC) systems, OKCoin told CnLedger, a cryptocurrency news source in China, that the exchange will introduce support for ETH trading soon.

“Our source tells us OKCoin is now planing on listing #Ethereum. “May list it at the appropriate time.” Confirmed by OKC customer service.”, said the media on Twitter.

While some users remain skeptical regarding this announcement, CnLedger reaffirmed that the news were confirmed with OKCoin.

At the moment, the South Korean Ethereum exchange market is the second largest behind the USA. The possible integration of ETH support by local Chinese exchangers is likely to result in competition between the two countries.

Information provided by CnLedger also reveals that two Ethereum and Enterprise Ethereum Alliance (EEA) meet-ups are taking place in China in April.

These meet-ups ae important discussion panels for both Ethereum and Ethereum-utilizing corporations. One such meeting was held in Taiwan, where multi-billion dollar companies came together to discuss their possible collaboration on developing applications based on the EEA framework.

There are already some existing consortia in China that research the potential of blockchain technology. ChinaLedger is a blockchain alliance led by Wanxiang Blockchain Labs that has reportedly released a white paper on its blockchain technology in January this year.

It is expected that the adaptation of Ethereum in China will increase in the upcoming months, especially in light of the recent trading meet-ups, discussions and platforms that were held in the country.

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