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Author Topic: Trading fees on Chinese exhanges - already implemented?  (Read 651 times)
Bitcoin_is_here_to_stay (OP)
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May 06, 2014, 11:05:22 PM
 #1

In the recent joint statement Chinese exchanges promise, among others, to cease 0% trading fees. Does anybody know if it was already implemented? I am particularly curious about Huobi, as I follow thus market. TIA.
Pepin
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May 07, 2014, 03:25:16 AM
 #2

It has so far not been implemented.
RockHound
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May 07, 2014, 03:47:40 AM
 #3

Huobi's new workaround proposal:

"Speaking to the media outlet, Huobi co-founder Jun Du suggested that the company is considering a plan to use its exchange platform as a marketplace and price aggregator for digital currency buyers and sellers.

Under this proposal, Du told Sina Tech that users would form their own online chatroom group using a popular tool offered by the tech giant Tencent. Buyers and sellers within this group would then exchange bitcoin or recharge codes for RMB, interacting independently of the exchange.

Du explained that this workaround would relieve a current pain point, that Huobi must handle the transition of bitcoin to fiat currency"
Bitcoin_is_here_to_stay (OP)
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May 07, 2014, 04:26:55 AM
 #4

Very interesting info - thank you both
knightcoin
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May 07, 2014, 04:31:32 AM
 #5

I cant see how an exchange can operate honestly and evenly without fixed fees ...

http://www.introversion.co.uk/
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akujin
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May 07, 2014, 04:45:23 AM
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By manipulating the price while you play at other exhange... ehhe  Grin Grin Grin

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knightcoin
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May 07, 2014, 04:54:38 AM
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By manipulating the price while you play at other exhange... ehhe  Grin Grin Grin

true  Smiley

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bit1075
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May 07, 2014, 05:54:31 AM
 #8

They will also stop margin trading and short-selling.

http://www.bloomberg.com/news/2014-05-06/china-s-bitcoin-exchanges-pull-out-of-summit-after-pboc.html
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