BTC38:We will enable bitcny deposit over the next few days.

[muse-umum]

The fiat fiat gateway! Fantastic work :)

How are they going from bitCNY -> CNY, or do they hold bitCNY?

Forum member @gulu launched a bitcny<-->cny gateway allowing 1:1 exchanges two weeks ago (with no fees at this moment).

Everyday btc38 sends bitcny via blockchain to gulu who then sends back btc38 the cny via banks. Probably btc38 won't hold bitcny unless they also want to launch a gateway.

You can find gulu's site here (now only available in Chinese): http://www.tradebts.com/

Thank you, gulu and btc38.

[Empirical1.1]

 +5%  +5% Great work guys, thanks BTC38 and Chinese marketing team for this good work!

[matt608]

 +5%

[Frodo]

1000bitcny = 1005 cny

Wow, is this correct? Not the other way around?  :o

haha , they charge 1% extra for withdraw fiat CNY and other cryptos ..so ....

Well, fair enough.
I always thought that 1% thing was only for BTS. (like on BTER)

[cn-members]

1000bitcny = 1005 cny

Wow, is this correct? Not the other way around?  :o

haha , they charge 1% extra for withdraw fiat CNY and other cryptos ..so ....

[monsterer]

The fiat fiat gateway! Fantastic work :)

How are they going from bitCNY -> CNY, or do they hold bitCNY?

[Frodo]

1000bitcny = 1005 cny

Wow, is this correct? Not the other way around?  :o

[joele]

Wow, bitCNY is now liquid. +5%

[eagleeye]

Wow +5% +5%

[btswildpig]

Great news!

Will we also be able to withdraw CNY balances as BitCNY or is this for depositing BitCNY only?

Deposit BitCNY only for now .

[Markus]

Great news!

Will we also be able to withdraw CNY balances as BitCNY or is this for depositing BitCNY only?

[dkhahm]

 +5% +5% +5%

[clayop]

 +5%

[dexinwong]

COOL... +5% +5%

[CryptoPrometheus]

Excellent! You guys are the first exchange to recognize the legitimacy of bitassets and literally stake your money on it. We are honored by your participation!