BTCC launches new cryptocurrency exchange with ETC support

New exchange from the creators of the longest-running Bitcoin exchange
26 June 2017   3815
Blockchain

Distributed database that is used to maintain a continuously growing list of records, called blocks

Recently, new cryptocurrency exchange was launched. BTCC DAX is created by the BTCC, developers by the longest-running Bitcoin exchange. Bitcoin/Ethereum Classic is a first trading pair. 

Company has choosen Bitcoin/Ethereum Classic as a first trading pair due to people's choice. BTCC's CEO Bobby Lee created a Twitter's survey in May and asked the community which currencies BTCC should list next. Survey was two weeks long and Ethereum Classic won.

But Ethereum Classic is just a beginning. Ethereum will be added in the first part of July 2017, other cryptocurrencies will be available in the nearest future.

According to Aaron Choi, BTCC's vice president of international business, DAX is a multi-device trading platform with high performance. Cryptocurrencies trading becomes quick and convenient with BTCC DAX. Cross-platform makes trading extra fast and fully-responsive. User can trade or monitor the market on the go. 24\7 customer with guaranteed responses within 12 hours is also included.

Customer deposits will be accepted since June 26th, 2017, at 6:00 PM (UTC+8; 6:00 AM EST); trading will go live on Tuesday, June 27th, 2017, at 6:00 PM (UTC+8; 6:00 AM EST).

OKEx Ex-CEO to Intend to Raise $40M

Funds are needed for the new exchange called ACDX, which will offer  futures, options, revocable bear/bullish contracts and more
06 February 2020   553

Andy Cheung, who until recently was the operating director of the OKEx cryptocurrency exchange, will open a new derivative trading platform ACDX by the end of the first quarter, CoinDesk reports. The exchange will offer its clients futures, options, revocable bear / bullish contracts, debt contracts and fixed coupon notes.

One of our main goals for the exchange is to provide retail investors with ... structured products that are more commonly used by accredited crypto investors and wealth managers.

 

Andy Cheung

Former chief operating officer at OKEx

In the future, ACDX plans to reach a global level, but first of all it will gather a client base in Asia, using the connections of Cheung and partners in Hong Kong and China. In preparation for the launch, she intends to raise $ 40 million through the sale of tokens and shares in her business to crypto funds, private investment firms and family capital management companies in Europe and Asia. 

We have over $4 million so far and most of the money comes from our own funds. We are in talks with potential investors and likely to announce new investments in the next two months.

 

Andy Cheung

Former chief operating officer at OKEx

To date, ACDX has hired more than 25 employees, including eight developers who are preparing the trading platform for launch.