The latest update in the Chinese crypto ban saw the largest crypto exchange platform, Huobi completely shut down futures, contracts, and other derivatives services for all Chinese users. Furthermore, according to previous notice from the exchange, the withdrawal function for mainland Chinese users will continue to be reserved for 1 to 2 years. However, the company warned its users to close their positions prior to the deadline to prevent the risk of potential market fluctuations before settlement. In lieu of regulatory crackdown, Huobi’s phased closure is now nearing its end, which unfortunately also means the end of the decentralized era…