BTCC To Launch New Cryptocurrency Exchange In June

News | May 28, 2018 By:

Chinese bitcoin company BTCC will be launching its upgraded crypto exchange platform next month.

Founded in 2011 by Bobby Lee, BTCC was the world’s oldest bitcoin exchange until it shuttered its platform in September 2017 under pressure from Chinese authorities. It operates a major mining pool which mined almost $900 million in bitcoin last year.

In its announcemment last week, BTCC said the new exchange platform has been optimized to include offline cold storage and SSL encrypted traffic to protect users’ digital assets. It will also utilize a multi-tier, multi-clustered system with an optimized, high-speed memory trading engine.

“In June, we’ll launch the much anticipated, new BTCC Exchange platform,” the company said. “Some of the key areas we have focused on are: enhanced liquidity, faster deposits and withdrawals, and small bid-offer spreads.”

At launch, the new BTCC exchange will support the following cryptocurrencies – bitcoin (BTC), ethereum (ETH), Bitcoin Cash (BCH), and Litecoin (LTC), as well as trading pairs like LTC/USD and LTC/BTC. It will regularly launch new trading pairs to meet the needs of users.

For the first three months, the new BTCC exchange will offer zero trading fees. Customers will also be rewarded with points earned through referring new users, verifying, depositing, and other activities. The company said the new reward point system will give users tangible benefits that they can use across the whole BTCC ecosystem.

In January this year, Lee announced that BTCC has been acquired by a Hong Kong blockchain investment fund. At the time, Lee said it will focus all its attention on its international markets and its three products, including the BTCC mining pool, Mobi cryptocurrency wallet, and its USD exchange.