The BTCC Bitcoin exchange (formerly BTC China), world’s oldest Chinese Bitcoin exchange has revealed its plan to soon launch of a new upgraded cryptocurrency exchange that will support the exchange of cryptocurrencies at international level. According to the blog post by BTCC, the exchange is expected to go live sometime in June this year.
Initially, the new platform will offer trading support in four major cryptocurrencies including BTC, ETH, BCH, LTC/USD, ETH, BCH, LTC/BTC, etc and also promises to introduce new cryptocurrencies as per clients demand. The exchange will also not charge trading fees from clients in the first three months of operation. After the first three months, the exchange will keep the trading fees low and competitive and will also not charge registration fees, on par with other major cryptocurrency exchanges.
According to the blog post, the exchange will stand out on better liquidity offerings, allow small bid-ask spread size and less time in confirming with withdrawals and deposits. The company considers the new platform to superior and will offer unlimited trading opportunities to clients.
The new exchange will incorporate multi-tiered, multi-clustered system with an optimized, high-speed memory trading engine. In terms of security, BTCC has established SSL that will ensure the privacy and security of each individual account and in addition, cold storage will be used to store funds that will help in cutting down potential risk.
The launch of BTCC’s cryptocurrency exchange was anticipated for a long time since the company that owned BTC China was acquired by a Hong Kong-based blockchain investment fund. BTC China was launched in 2011 and was the world’s oldest
bitcoin exchange until it closed in September 2017, after local authorities initiated a deep crackdown on cryptocurrencies.
The blog post reads: “BTCC’s exchange is backed by seven years of operational experience and has been optimized to include offline cold storage and SSL encrypted traffic to protect your digital assets. We take security very seriously and are proud of the fact that we have never been compromised.”