OKEx Korea Is Shutting Down Next Month

Crypto exchange OKEx Korea is shutting down on April 7. In a notice published Tuesday (March 23), the exchange said customers must withdraw their fiat and crypto holdings by the date.

OKEx Korea did not mention a reason for the closure, but it is likely because of a new law that is coming into effect on Thursday (March 25) in South Korea. Per the law, Korean crypto exchanges will no longer be able to share their order books with other exchanges.

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