BTCC, which is a Chinese cryptocurrency firm, announced some plans about introducing an upgraded new exchange platform in June, with the support from other currencies, which include Bitcoin, Ethereum, Bitcoin Cash and Litecoin at launch.
BTCC confirmed the upcoming launch of a new platform
The Hong Kong-based firm BTCC has confirmed the upcoming launch of a new, as well as upgraded ‘BTCC Exchange‘ in June. In the announcement, the exchange underlined better liquidity, enabling small bid-offer spreads and faster confirmation deposits, as well as withdrawals as features of the new upgraded trading platform made available to users all over the world.
At launch, the new exchange is going to support Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH) and Litecoin (LTC), together with their trading pairs. The before mentioned release added that the exchange is going to address the needs of the user base to add crypto tokens to its trading platform. Users are going to see zero trading fees for the first three months after the launch of the new exchange.
Claiming to offer a new ‘cutting-edge system for enabling faster, as well as seamless trading, BTCC said of its revamped platform that regarding technical developments, their exchange is going to use a multi-tier, as well as a multi-clustered system with an optimized, high-speed memory trading engine.
The new exchange will include offline cold storage
It also claimed that the new exchange is also going to be optimized to include offline cold storage in order to safeguard the digital assets of the customers better. Contrary, storing user funds in online ‘hot wallets’ resulted in infamous cryptocurrency hacks like the one from recently with $530 million theft of BEN tokens from Japanese exchange Coincheck.
The exchange added that they take security very seriously and that they are also proud of the fact that they have never been compromised.
BTCC, formerly BTC China, was the first cryptocurrency exchange in the world to take shape in 2011. Last year, a crackdown by Chinese authorities on the domestic cryptocurrency sector following an ICO ban meant that the exchange shuttered its doors in China on the 30th of September, 2017.
Bobby Lee about BTCC
One of the original ‘big three’ exchanges of China, BTCC, soon moved its base of operations to Hong Kong and London, before earning a reprieve after its acquisition by one Hong Kong blockchain investment fund in January this year.
The founder and CEO of BTCC, Bobby Lee, said at that time that the acquisition was an incredible milestone for BTCC which validates all of their hard work over the past few years. He also pointed that he is excited about the resources which make BTCC to move faster, as well as to grow their businesses in 2018 and beyond aggressively. He also stated that the company would shift focus to offering services to the international market.