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

Hong 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.

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.

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