After the repression by regulators in the country, some of China's best crypto-exchange exchanges move to OTC (OTC) trading,.

On October 31, two of China's largest Chinese crypto-exchange exchanges, OKEx and Huobi Pro, said they would introduce peer-to-peer trading platforms that support foreign exchange transactions, including with the Chinese yuan, as an alternative for those Chinese investors who still want work with crypto-currencies.

Both exchanges operate in Hong Kong, and the headquarters of the apartment are located in Shanghai, before they specialized exclusively in crypto-currency operations, and now intend to develop towards integration of the existing model with a direct peer-to-peer trade model.

According to OKEx, the yuan is currently the only currency available on the P2P platform. Representatives of the exchange also noted that they are watching the growing interest in the new service from investors, especially since the termination of the work of crypto-exchange exchanges in mainland China.

Lennix Lai, CFO of OKEx, said that the platform received about 8,000 user applications for account registration since the launch of the new service on November 1.

Lin Li, CEO of Huobi, said in his last speech that, in addition to the P2P platform on Huobi Pro, the company also is thinking about expanding to overseas markets. Currently, the company is developing a platform for work in South Korea to compete with local companies such as Bithumb.

Recall that October 31 was the last day, when in China was possible the operation of crypto-exchange exchanges. All the largest enterprises in the country, including OKCoin, Huobi, BTC China and ViaBTC, suspended their activities for an indefinite period.