Updated BTCC Launched

Ex-largest Chinese cryptocurrency exchanges comes back with a lot of new interesting features
02 July 2018   968

The oldest BTCC exchange, which for some time was one of the largest in China, announced the restart of its rading platform, as well as plans for the release of its own tokens. This is reported on the company's website.

According to the company representatives, the exchange has already started its work. Trading pairs with Ethereum, Litecoin and Bitcoin Cash can be traded against both bitcoin and the US dollar.

Also, on the updated exchange, a reward system is implemented. Points will be granted for registration, the subsequent verification of the account, the deposit of funds and trading activity. The accumulated points can then be converted into BTCC's tokens, which will also be used on the trading platform.

The exact timeframe for the release of the new token is still unknown. However, representatives of the company said that their release will be implemented within the "next few months". Also, BTCC has not yet decided on the volume of the offer and the proportion, according to which points will be converted into tokens.

First three months there's gonna be a zero fee. Representatives of BTCC also said that in the future it is planned to add other crypto-currency assets, as well as ERC-20 tokens.

The company announced plans to restart the BTCC platform at the end of May. At the same time, it became known about a multi-level and multi-cluster system with an optimized high-speed engine, as well as crypto-currency services offered by traders.

The BTCChina exchange was closed in September 2017 after repressive measures by the Chinese authorities. BTCC, however, continued its activities, focusing on the mining pool and Mobi cryptocurrency wallet.

BTCC to Close It's Mining Business

This measure is caused by the "business adjustments"
07 November 2018   1610

BTCC will shut down the mining pool BTCC Pool Limited due to "business adjustments", CoinDesk reports.

BTCC, also known as BTC China, launched a pool in 2014, along with the Mobi wallet and the eponymous cryptoexchange.

Note that on August 24, 2017, BTCC Pool mined the block on which the SegWit protocol was activated. In June of this year, Hong Kong financial company Value Convergence announced its intention to acquire a 49% stake in the pool.

BTCC was the oldest crypto-exchange in China before the events of September 2017. Exchange founded Bobby Lee, brother of the creator of Litecoin Charlie Lee.