Asia-focused exchanges’ tokens plummeting in the wake of China ban

Crypto investors are fleeing centralized exchanges’ tokens for their decentralized counterparts after China once again bans crypto.
Source: CoinDesk, CoinGecko

The ban made the markets tumble, and the worst hit were the Asia-focused centralized exchanges’ tokens.

Both OKB (OKEx) and Huobi Token plunged by over 15% within one hour after the People’s Bank of China announced the ban. Huobi Token has continued its decline and is down 39% during the last 7 days.

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