Skip to main content

BTCC to Launch New Exchange Platform in June

BTCC to Launch New Exchange Platform in June

Chinese crypto company BTCC has announced it will launch an upgraded exchange platform next month. Initially, users will be able to trade BCH, BTC, ETH, LTC, and USD, with other currencies to be added later. BTCC returns with enhanced liquidity, faster deposits and withdrawals, and zero trading fees for the first three months.

Also read: Six Japanese Public Companies Announce Plans to Launch Crypto Exchanges

The Upgraded Platform Offers Cold Storage and SSL Encryption

BTCC to Launch New Exchange Platform in JuneHong Kong based BTCC announced through social media and its website that it’s launching its new cryptocurrency trading platform in June. The upgraded exchange will feature enhanced liquidity, faster confirmation of deposits and withdrawals, and small bid-offer spreads, promising reliable, convenient, and secure digital asset service to its customers worldwide.

At first, the platform will support the following cryptocurrencies – bitcoin cash (BCH), bitcoin core (BTC), etherium (ETH), and litecoin (LTC), as well as trading pairs like LTC/USD and LTC/BTC. Other currency options will be added regularly to meet the needs of users, according to the published press release. The new exchange will offer zero trading fees for the first three months of operation. The company also noted:

In terms of technical developments, our exchange will utilize a multi-tier, multi-clustered system with an optimized, high-speed memory trading engine. So, you can make the trades you want on a cutting-edge system.

BTCC claim their revamped trading platform has been optimized to include offline cold storage and SSL encrypted traffic to ensure better protection of clients’ digital assets. “We take security very seriously and are proud of the fact that we have never been compromised,” the statement reads.

Another novelty – customers will be rewarded with points earned through referring new users, verifying, depositing, and other activities. They come with benefits that can be used across the ecosystem, including the BTCC Pool and the Mobi cryptocurrency wallet.

Oldest Chinese Crypto Exchange Returns

BTCC, formally known as BTC China, was the first bitcoin exchange in the People‘s Republic. It was founded by entrepreneur Bobby Lee in 2011. Three years later, in 2014, the platform had become the world’s second largest exchange by bitcoin trading volume.

BTCC to Launch New Exchange Platform in June

BTC China shut down amidst a crackdown by Chinese authorities in September 2017, when the central bank banned local exchanges from trading cryptocurrencies with the national fiat, the yuan.

BTCC, however, continued to operate its mining pool, which currently controls 2% of the bitcoin core hashrate, and its crypto wallet, Mobi. In January this year, the crypto company announced its acquisition by a Hong Kong based investment fund. At the time, BTCC said it was shifting focus to international markets.

Do you expect Chinese crypto exchanges to be able to operate again from mainland China at some point in the future? Tells us what you think in the comments below. 

Images courtesy of Shutterstock.

Make sure you do not miss any important Bitcoin-related news! Follow our news feed any which way you prefer; via Twitter, Facebook, Telegram, RSS or email (scroll down to the bottom of this page to subscribe). We’ve got daily, weekly and quarterly summaries in newsletter form. Bitcoin never sleeps. Neither do we.

The post BTCC to Launch New Exchange Platform in June appeared first on Bitcoin News.



from Bitcoin News https://ift.tt/2scwPi1
Labels:

Comments

Post a Comment

Popular posts from this blog

Economists Discuss Russia, China Potentially Developing Gold-Backed Currency That Could Undermine US Dollar

Economists have weighed in on reports that China and Russia may be developing a new gold-backed currency that could undermine the U.S. dollar’s status as the world’s primary reserve currency. Russia and China May Be Developing Gold-Backed Currency Several experts have shared their views on Russia and China potentially creating a new gold-baked currency, Fox Business reported Saturday, emphasizing that China has been buying up huge quantities of gold while Russia was forced off the U.S. dollar due to sanctions imposed on the country following its invasion of Ukraine. The news outlet noted that some experts have cautioned that these moves, along with the closer relationship that has developed between Moscow and Beijing, point to the likelihood of China attempting to launch a gold-backed currency. However, neither Russia nor China has officially confirmed plans for such a currency. Craig Singleton, senior fellow at the Foundation for Defense of Democracies and a former U.S. diplomat,...
Post a Comment
Read more

Fidelity Discusses Bitcoin as Portfolio Insurance — Could Soon Stand in ‘Stark Contrast’ to Path Fiat Currencies Take

Fidelity Digital Assets, a subsidiary of Fidelity Investments, says that bitcoin could be considered portfolio insurance. The firm notes that the cryptocurrency “may soon stand in stark contrast to the path that the rest of the world and fiat currencies may take — namely the path of increased supply, additional currency creation, and central bank balance sheet expansion.” Fidelity Says Bitcoin Could Be Portfolio Insurance Fidelity Digital Assets, a subsidiary of Fidelity Investments, recently published a research study titled “The Rising Dollar and Bitcoin.” The research outlines “how bitcoin could be considered portfolio insurance” as the rising dollar impacts global currency markets. “The strengthening U.S. dollar is wreaking havoc among other countries and may put pressure on the Federal Reserve to soon reverse its tightening monetary actions, something that has precedent based on 1985’s Plaza Accord,” Fidelity explained. In addition, “more monetary debasement may be needed to ...
Post a Comment
Read more

Mt Gox Creditors Updated, Trustee Says Rehabilitation Custodian Is ‘Currently Preparing to Make Repayments’

On August 31, 2022, the Mt Gox trustee Nobuaki Kobayashi explained in a recent letter that the rehabilitation custodian is “currently preparing to make repayments” to Mt Gox creditors. Trustee Updates Mt Gox Creditors — Repayment Date and Exchange Still Unknown Last week speculation and rumors concerning the release of 140K bitcoin ( BTC ) from Mt Gox littered social media platforms and headlines. Bitcoin.com News covered the situation six days ago as a number of people and Mt Gox creditors called the rumors “ fake news .” During that same period of time, a bitcoin whale transferred 10,000 BTC to unknown wallets, and a 2018 annotation , heuristics, and clustering methods show the funds likely originated from the June 2011 Mt Gox hacks. Following the mysterious whale transfer, last Wednesday, Mt Gox published an official update from the court trustee Nobuaki Kobayashi that explains the court is “currently preparing to make repayments” to creditors. Mt Gox creditors have been wait...
Post a Comment
Read more