Or, affected by the new crypto law, OKEx Korea will be closed on April 7.

According to Block, the OKEx Korea cryptocurrency exchange will be closed on April 7. In a statement released on Tuesday, the exchange said consumers should withdraw their holdings of fiat and cryptocurrency before the deadline. OKEx Korea did not specify the reason for the shutdown, but it is most likely because a new rule in South Korea went into effect on Thursday. By law, Korean cryptocurrency exchanges cannot deal orders with other exchanges. According to data from CoinGecko, OKEx Korea was launched in August 2019 and the market volume over the past 24 hours was around $ 3.5 million.