Hodl Hodl, a peer-to-peer bitcoin trading platform, has recently revealed it managed to extend its services to China after finding out what was getting it blocked by Chinese firewalls.
According to the blog post, Hodl Hodl was using Google’s reCAPTCHA service to identify bots, but its use was getting its platform blocked by China’s great firewall. Moving off of it got Hodl Hodl to open for Chinese traders.
Speaking to CoinDesk a representative from the cryptocurrency exchange, Artur, noted Hodl Hodl always accepted Chinese traders, but was blocked by the country’s firewalls. He added there’s “huge demand” from Chinese traders for peer-to-peer trading.
For the privacy and security of our customers, we don’t publicly provide data on P2P trading on our platform, but I can say that there’s a huge demand in this country for P2P trading, especially after the biggest centralized exchanges disappeared from radar some time ago.
Hodl Hodl’s representative reportedly added he expects China to be one of the biggest markets the cryptocurrency exchange serves. As covered, the exchange started offering Iranian traders a refuge after competitor LocalBitcoins halted services in the country.